index page

Repossession on CR

Date: Mon, 02/18/2013 - 18:29
Submitted by on Mon, 02/18/2013 - 18:29
Posts: 202330
Credits:
[Donate]

I have an acct list on my crediit report for a vehicle that was repossessed. Spoke with the CA today and they state I have a balance of $10,970 or they offered me a settlement of $4,279. I cannot pay this amount. Should I offer them a lesser settlement amount or just try my luck to try and have the acct deleted? I hace about $1500 in savings---should I offer this as a settlement amount???


It seems that there is a deficient balance. You can offer $1500 to settle the debt. However, I don't think that they'll accept your settlement offer. They have made a good settlement offer to you.

If they accept your settlement offer, then it will be great. If they don't, then try to come up with $4279.


Submitted by on Mon, 02/18/2013 - 20:07

( Posts: 202330 | Credits: )


They are not going to delete your account...waste of time even asking. And $1500 is probably not going to fly either....I wouldnt even mention to them that you have that amount....

You could potentially be sued for the entire deficency balance.


Submitted by SOAPLADY on Mon, 02/18/2013 - 20:54

SOAPLADY

( Posts: 17315 | Credits: )


Should I ask them to validate the debt. Because looking at my credit report they have 3 different amounts. Balance-$9,930.00, past due--$11,043.00 Aand high balance-$16,625.


Submitted by on Tue, 02/19/2013 - 16:38

( Posts: 202330 | Credits: )