Car Repossession, Having your car repossessed can be extremely stressful. This is especially true if you have a cosigner on the auto loan. Many people don’t know what to do when they have a repossession on a cosigned car loan.
Don't Panic - You Have Options
How Debt Settlement Works for Car Repossession
Debt settlement involves working with a debt relief company to negotiate down what you owe on the repossessed vehicle. The goal is to agree on a reduced lump-sum settlement payment that is less than the total loan balance.
Benefits of Debt Settlement for Car Repossession
Select the Best Firm for Car Repossession Settlement
Move Forward Carefully
Losing your car to repossession is certainly discouraging. But it’s not necessarily the end – you have options to deal with the situation. Debt settlement provides a light at the end of the tunnel. With an experienced settlement company negotiating on your behalf, you can eliminate the auto loan burden for less than you owe. This path forward can help you regain control of your finances and credit. Don’t lose hope.