My husband and I are going to settle on his repo since it's preventing us from being approved for a mortgage. The company has sent me a fax showing the settlement amount. They're stressing a bank wire is better for them (obviously b/c they get their money asap) but I'm not so sure I'm comfortable with that. I'm thinking more along the line of a cashier's check. What would be the best way to pay them, and should I require more documentation for their agreement to this settlement..if so what kind? kelly
I would push for a cashier's check instead. It'll be cheaper for you too. Just make sure you have an official settlement offer on their company letterhead signed and in hand before making payment.
