Klinkt als een geweldige deal, en dat is niet ongewoon. Betalen uit het openstaande saldo op een repo kan slechts bijdragen tot uw krediet. Echter tot hier schrijf! Voordat u dat $ 2800 betalen, zodat ze zet hem in het schrijven dat $ 2800 zal het verschuldigde bedrag en zij zullen rapporteren als volledig betaald. Indien ze niet zet hem in het schrijven voor u, dan nadat u betaalt slechts $ 2800 zullen ze zeggen dat je saldo is $ 5200! (5000-2800) Collection bedrijven zijn slangen! Succes!

Je zult waarschijnlijk te danken belasting op de kwijtgescholden schulden … Dus net als een Ter informatie, van plan vanwege de IRS $ 1.500 aan het eind van het jaar. U bent al achter op de betaling, zodat het betalen bij de afwikkeling waarschijnlijk geen kwaad uw krediet meer. Je hebt een repo … Uw beltegoed is een slechte zaak zijn voor een paar jaar. Als ik in je schoenen, ik zou heel graag de kans krijgen om te betalen de $ 2800,00 en zet die achter me en ga verder met mijn leven. Verzeker u ervan dat u een eventuele overeenkomst schriftelijk.

tough question . it will look better to have a loan paid off than not paid off / still in collection. the issue is they could be fishing to see if you have access to that large of a sum so they know whether to pursue litigation and spend money on atty and filing fees/ process serving etc. Collectors are like detectives in figuring out what your assets are so they know how much they can get legally if it goes to court. I think that the rate they are offering sounds kind of low … which makes me suspicious.

I used to have a job years ago in a bank as a credit investigator but would have lunch with the coworkers that worked in collections / skip tracing. Was an interesting job / but it didn't pay well . Banks are pretty cheap on the salary.

All things considered, I think that I would try it out and offer to pay the money by end of month on the chance that it will work out.
i would negotiate a release that the loan will be paid in full and reported that it was paid off in full on your credit report. they should sign something to remove any record of reposession from your credit report in exchange for the money. that would help your report greatly. the money should be delivered by someone other than you and your husband and they should understand that you expect a paid in full / satisfaction of debt release paper prepared. it would be great if they also include language / agree to remove any record of reposession. the reason you would not go in person is because you could be legally served there.

Good luck negotiating . If you can pursuede them to do this / you'll save lots of money on future financing. A repo is a pretty big ding on your report and will cost you higher interest rates in the future.

Greetings from an ex bill collector, The settlement offer, There is something the loan company isn't telling you. If you settle the debt for $2,800.00 the remainder will be reported as INCOME to the IRS and you get to pay taxes on it as income! Having said that, even with having to pay taxes on the remainder and I have no idea what tax bracket you and your husband are in… it is still cheaper to accept the settlement than to pay off the entire debt. You only have to pay the tax next April 15th… Additionally, DO NOT rely on whatever you are told by the contact at the loan company. GET IT IN WRITING!!! get everything FROM them concerning the debt and the settlement in WRITING and IF there is any small print, READ IT!!! if you don't understand any part of what they have WRITTEN, find someone who does understand it BEFORE you agree to or sign any document!!! It must CLEARLY state the ENTIRE agreement and leave no room for later additions. Basically you would be renegotiating the debt via a settlement contract and if it isn't WRITTEN in the contract "no matter what anyone from the loan company tells you" it is BS. GET IT IN WRITING!!!