Vehicle Titles
Repossession

Do lenders ever accept settlement offers on the deficiency owed after a car is repossessed?

User Avatar
Wiki User
2005-05-04 12:19:32

YES, make a serious offer. You do have leverage you can threaten

them with Bankruptcy which means they get nothing, zero.Do not be

afraid to use this or do it.. recovering from chapter 7 or 11 is

much easier than it used to be.


Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.