Settlement Amount??

Discussion in 'Credit Talk' started by Dustin, Jan 9, 2001.

  1. Dustin

    Dustin Well-Known Member

    I am planning on settling my repo account with Ford Motor Credit, and was wondering what a good starting offer would be. I owe $4500 total.
    I think that Ford sold the account to the dealer, though.
    I do NOT want to pay the full amount, as I purchased a $1500 service contract that was not honored (resulting in the repo). There is nothing I can do about the service contract not being honored (already inquired about that).
    Any ideas what I should offer?


  2. Cadillac408

    Cadillac408 Well-Known Member

    More Ford Credit B.S.! Figure

    Tell them that $1500 is all that you have right now????? Give them some sob story and see what they counter offer.
  3. jamie

    jamie Well-Known Member

    RE: More Ford Credit B.S.! Fi

    Why pay them anything? They've already ruined your credit for 7 years. I wouldn't trust any deal you might try to make with them. From my experience, once they have you're money they'll still ruin you. They are still reporting an open balance on a charge off of my husbands, that was paid in 1996. Can't get anywhere with them or the CRA's.

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