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Debtconsolidationcare.com - the USA consumer forum

repo and settlement

Date: Thu, 04/02/2009 - 11:56

Submitted by anonymous
on Thu, 04/02/2009 - 11:56

Posts: 202330 Credits: [Donate]

Total Replies: 2


I am way behind on my car payments...just found a new job and am considering my options...the collection agency offered me three options to settle, paying the collector a percentage of the balance...
If I take (in one payment) one of the options, would I be able to keep the car, even though it's a settlement?
I've heard collectors will tell you anything...so I was wondering what you guys think...I'm trying to avoid paying the settlement, then finding my car repo'd anyways...
information is power, thanks...