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I had a bf leave me with a car repo and the company will settle for $2500 if I pay that off in 3 months. I have a part-time job in addition to my full-time job and it's just not enough to cover it. Any ideas???

2007-05-21 10:17:06 · 7 answers · asked by Nikki 1 in Business & Finance Personal Finance

7 answers

First things first no matter what kind of deal they give you make sure you FIRST get the deal in writing becauce if you dont they will probably come back for the rest at a later date (these people have a very bad memory). SECOND DONT EVER GIVE THEM ACCESS TO YOUR BANK ACCOUNT AND DONT SEND ANY POST DATED CHECKS !!!!! they will clean your acct. out and there is nothing you can do because you legaly owe them the money, and they will cash your post dated checks early which in turn will mess up your bank acct. also. With that said you should get up as much money as possible(use an odd amount like $18,427 this makes it look like you scraped togeather every thing you could) and offer it as payment in full.(what ever deal you make w/them make sure those words are there "payment in full") if they dont accept your offer tell them there isnt anything else you can do and you will talk to them again in a week. They will threaten you 6 ways from Sunday but dont worry if your car was repoed your credit is already shot . Just stand firm until they give you a pay off you can handle, until then just keep putting money away until you have enough to give them all at once. Depending on how long they have been chasing you you should be able to get them to settle for less than the 2500 in three months. You might think about chasing the bf the way the bank is chasing you nobody likes it when somebody turns up the heat , its obvious you dont or you wouldnt have asked the question.Good luck.

2007-05-21 11:07:16 · answer #1 · answered by Mr. just be happy 1 · 0 0

i could touch the lien holder (financial corporation, broker, etc.) and notice what variety of preparations they're keen to make. they could enable a grace era with decreased or no money for a time somewhat than finally end up with a motor vehicle that they do no longer in all possibility prefer. It has exceeded off some circumstances. yet another decision is to sell the motor vehicle, assuming you may get sufficient to pay it off, or a minimum of get the soundness right down to a point you may preserve. If no longer, the repo will flow to public sale and you'd be in charge for any distinction between the common public sale sale cost and the soundness owed. something could be became over to a set corporation after that. appropriate to the only thank you to get that taken off of you would be via which contain it in a financial disaster.

2016-11-25 22:50:22 · answer #2 · answered by ? 3 · 0 0

Figure out how much you WILL be able to pay in three months, and talk to the company - they might extend the time if you're fairly close and look like you're trying.

Other than that, look at your spending and see if there's anything you can cut back on - there almost always is if you really look. Cable TV? Buying snacks or coffee at work? Bring your lunch instead of going out?

Good luck.

2007-05-21 10:28:10 · answer #3 · answered by Judy 7 · 0 0

The best thing would be to get a part-time job that has the ability for high earnings in a short amount of time such as a sales position. If not, a job where you are paid tips, working in casinos as a dealer or server would be ideal.

2007-05-21 10:26:34 · answer #4 · answered by Sean J 1 · 0 0

You can make $1,000 a month delivering Pizzas in the evening after your full time job. If your current PT job isn't supplying you in that level...think about a change.

2007-05-21 17:05:00 · answer #5 · answered by Anonymous · 0 0

look to cut your expences, normaly that is easier then makeing more money. Look fora job as a bartender if you can.

2007-05-21 11:11:55 · answer #6 · answered by Cixelsyd 2 · 1 0

do those research studies, i hear they pay good money

2007-05-21 10:20:46 · answer #7 · answered by Anonymous · 0 1

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