I had my Trailblazer repossessed about 2 months ago. It finally sold at auction and I got the notice yesterday. Unfortunately, it only sold for half of what I owe. JD Byrider approved us for a vehicle, but their vehicles were high in mileage and not too pretty to look at. Just as I was about to sign for the best they could offer me, my mother-in-law calls and offers to sell me her car (better condition). What should I do? I'm afraid that I'll get sued because of the deficiency and they'll take any vehicle I get. What would happen if I filed for bankrupsy? What is my best option?
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
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The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.