Credit Cards Key » CreditCard Types » Debt Cards » Financers won't reposess due to a dead transmission.?

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  #1 (permalink)
: I owe 11,000$ at 26% and its dead. They mentioned they wouldn't repo it when i asked about voluntary reposesson to get out of the finacing. I want to move out of the country but i don't want to leave a huge debt or court case behind if they sue. I'd pay it off and take it with me if it was running and it will be a minimum of $2000 for a new warranteed one but thatll be 6 months of paying for a dead truck plus plus plus.. been sitting 6-8 months already..needs tires, plugs, struts.. the whole things a headache i cant seem to find a way out of it. Credit counsellors all want credit card debt. Who would take me on in that sorta situation?

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  #2 (permalink)
: They won't repo because it's not worth it to them. There is no way out - you owe.
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more..
  #3 (permalink)
: Let's say they let you turn it back in. They sell it at auction for $500. Now you owe $10,500 at 26% and they still want to get paid. I don't see that as much of an improvement.
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  #4 (permalink)
: I went on a site on this topic but can't remember the name, If I'll remember I will let you know.
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  #5 (permalink)
: If you are leaving and don't plan to come back, that is what I would do. If you plan on coming back, follow the other advice.
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  #6 (permalink)
: The fiance company/bank does not want the POS car they sold to you...They are more interested in the loan contract you signed @ 26%. A voluntary or regular repo won't get you out of the loan.
- If you can't pay/settle the debt, the only way out of the loan is to file for Chapter 7 bankruptcy. If you would seriously consider this option, then you might want to use it as a tool to settle the debt...like $3,000 or so. Of course they might call your bluff and you may end up having to file.
- If you ever plan to return to this nation, I would not recommend just leaving this debt just hanging If you do you could return to a judgement that could be $15,000 or so. Employers doing credit checks would not be thrilled seeing an unpaid judgement in this amount and it could really damage your ability to work.
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  #7 (permalink)
: Здравствуйте господа!

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