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Consumer Bankruptcy : Chapter 7, Chapter 13, Protection From Claims of Creditors
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Old 03-22-2000, 01:51 PM
LTHC1122
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Unhappy

We are 48 days behind in our carpayments and we only have one income right now. We had payments put to the back of the Loan amount to skip 2 months and to get back on track. We talked to the bank to get the car refinanced, but they told us since they are in the midwest and we are out of their sales area they can not help us with refinancing.
Now they told us we have 2 weeks before they start repossession. We're wondering if we should just give them the car back to not make it look so bad on our Credit Profile, should we try to sell the car private, try to get a used one financed to cut the payments and have them repossess the old one?
We really like to know our options and appreciate your help.
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