2007-12-13 12:55:14 · 3 answers · asked by ravanlaw 1 in Business & Finance ➔ Credit
first you need to talk to your bank, repo is coming right up and you do not want that on your credit. The person said it right sell your car, you may still owe more than it worth, then work with the bank for the difference. The bank will work with you on this!!! Don't just say i don't care and let it go into repo because they will sell i very cheap and may come after you for the remaining balance and it could be enormous.
2007-12-13 15:20:27 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Sell the car, buy one you can afford. Payoff the loan. Chances are you have negative equity. If you are getting final notices, credit has already taken a hit.
Sell the car
2007-12-13 21:03:34 · answer #2 · answered by beckoningsubstitutes 5 · 1⤊ 0⤋
If you are so far behind that they are going to repossess, then unfortunately your credit is already ruined as it is noted that you are one behind, and two they are filing papers to repossess The only way to stop it is to make the payments
2007-12-14 20:37:59 · answer #3 · answered by Pengy 7 · 0⤊ 0⤋