Can they repossess your car even if you offer to pay them your late payments then sell it and expect you to pay the difference?
In most states and under most conditions YES. Read your contract.
You broke the contract. It is their choice as to how to handle it, not yours. If you sign an agreement, you have to honor it the way it is stated. Often it is not up to you as to when to pay or how much and they are not your mom.
If you make an Offer in Compromise with the IRS, there are generally three options: 1. Cash Offer: Pay 20% up front when you submit the Offer. The remaining must be paid within five months of written acceptance. 2. Short Term Deferred Offer: You make monthly payments for 24 months of the amount you offer. Note that you must make the first monthly payment when you submit the offer, and you must continue making monthly…
Debt consolidation loans can be very helpful in difficult times, offering to stretch out payments over a longer period of time and offer a lower interest rate. However, bankruptcy does offer the potential of a new start; though it will show up on your credit report for ten years, it will also eliminate excessive debt payments.