Offering ca to pay all with taxes returned, but they wont accept. why?
Date: Thu, 03/18/2010 - 14:19
Capital one is a creditor for an original loan of 2000, actually claiming payment of over $6000, as you see mostly interest.
They want me to return the car, but if I do, they will option it lets say for $2000 perhaps and will end up with a debt of 4000.
I try to work with them to pay debt with taxes in 2 payments asking them to reduce debt. Even offering them to pay all with taxes returned, they won't accept it.
I am worried, because I am unemployed, have 2 children, and I can't just give all the money, the only thing I am waiting, to give to Capital One.
Please advise me.
They want me to return the car, but if I do, they will option it lets say for $2000 perhaps and will end up with a debt of 4000.
I try to work with them to pay debt with taxes in 2 payments asking them to reduce debt. Even offering them to pay all with taxes returned, they won't accept it.
I am worried, because I am unemployed, have 2 children, and I can't just give all the money, the only thing I am waiting, to give to Capital One.
Please advise me.
Well, you have very limited choices when a loan is secured again
Well, you have very limited choices when a loan is secured against a property, in your case, the car. They can have the vehicle repoed when you have missed payment. IMO your only option is to work out a deal with them.
