In May of 1998 I opened a 54-month Chase auto loan for an $8,000 car. 7 months later, while I was asleep in the passenger's seat, an underage "friend" of mine totalled the car. Being he was underage, he was able to escape any sort of liability. So, for a good 47 months of the car loan, I was making payments on a car I did not have. Well, I have been able to pay the car loan off except for $370 I still haven't paid. There have been multiple late payments and I believe this last two payments have been charged off. I was wondering if someone knew the best way to handle this. Should I make the payment and then attempt to clean it up afterward? Should I negotiate now before the payment? Also, I've never negotiated before so I'm scared. lol.
