Saturday, October 31, 2009

A family member is under water on a dumb car loan. If the car was sold there would still be $1,000 o

I'm willing to pay off that amount of the loan that I could get back from the car sale. Anyone have experience negotiating wih car loan companies on such matters? The alternative for the lender would be take my lower pay off or fail to collect even that from that family member over time.



A family member is under water on a dumb car loan. If the car was sold there would still be $1,000 out.?

There is no negotiating the amount due on the loan. You (they) are contractually obligated to a certain amount, and that's the amount you'll have to pay, regardless of how much you sell the car.



A family member is under water on a dumb car loan. If the car was sold there would still be $1,000 out.?

Unreliable cars, gas hogs, to much to insure or just got the wrong car for the situation then throw in the affordability of the loan. All examples of bad deals .



If you can unload it and lose 1000 that is fine, most people are in the negative way more than that. Just take your loss and move on.



You can not negotiate with the loan. It is a written contract. If the loan was done by means of fraud than that is another thing. Most of the time people are aware of what they are getting into, but still proceed.



A family member is under water on a dumb car loan. If the car was sold there would still be $1,000 out.?

I am no gonna say I am one hundred sure about it.Besides it really depends on the personal feelings.SO it would better for you to find yourself.Here is a good resource.http://loan.online-supporthome.info/14-d...

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