settlement

Discussion in 'Credit Talk' started by angeer, Sep 23, 2003.

  1. angeer

    angeer Member

    My car was repo'd and sold at auction. I have a deffiency. Will I have to go to court to settle this debt?
     
  2. GEORGE

    GEORGE Well-Known Member

    THEY can take you to COURT...but there is no law that says that they MUST!!!

    You can send them an offer in the mail...they can accept it or not..
     
  3. angeer

    angeer Member

    Ok so what should I say in the offer. I have no problem paying the deffiency. I fell behind in payments because of work slowing down. I am now at a better job and making more money so I can pay for it. I just can't miss to go to court because this is a new job and I don't want to ask for time off. I live in TN if that helps any.
     
  4. lbrown59

    lbrown59 Well-Known Member

    IS this on your credit reports?
     
  5. angeer

    angeer Member

    I'm sure that it is. This happened in July.
     
  6. lbrown59

    lbrown59 Well-Known Member

    Re: Re: settlement

    Who is trying to collect on this ?
     
  7. angeer

    angeer Member

    Re: Re: settlement

    I don't know yet. I've just got a deliquency and was wondering if I had to go to court to settle it or could it do it by mail or phone.
     
  8. lbrown59

    lbrown59 Well-Known Member

    Only it they sue you.
     
  9. lbrown59

    lbrown59 Well-Known Member

    Re: Re: Re: settlement

    Get deletion in writing or don't pay a cent.
     
  10. angeer

    angeer Member

    Re: Re: Re: settlement

    Ok so how do I stop them from suing me. I'm willing to pay the debt.
     

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