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Is it likely that the original lender will accept a settlement offer on a charged off repossession if repo and charge off happened one year ago and you have been making payments?


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Wiki User
2015-07-16 18:12:11
2015-07-16 18:12:11

They wont if you dont ASK or make the offer. Call 'em...

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Only if you pay up all the arrears payments that caused the repossession process to begin in the first place. Partial payments will have to be negotiated with the original lender.

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You will receive notices that your payments have not been received, making your auto subject to repossession, but you will not receive a date and time of the repossession.

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The most common type of repossession notice when a person has not been making loan payments for a car or truck. If the lender does not receive payments, the vehicle may be towed away.

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can you get your auto reposessed if your 2 payments behind NO


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