Posted on: 03rd Dec, 2008 03:50 pm
my car was taken away from me a year ago.since then they are asking me to pay 5000,and the banker actually switched names of signer,meaning i was supposed to be actual buyer but was co-signer...now i have credit card coming after me for 7000 and i owe anoother bank aroun 7000 as well??? any suggestions on how i should handle this matter....please i am desparate................................
please help me i need advice.......THanks
Hi worried man,
As far as your credit card debts are concerned, you can try out either a debt consolidation or a debt settlement plan. In debt consolidation, the interest rates for paying the credit card debts are reduced whereas in case of a debt settlement, the payments are reduced by 40%-60% depending upon your situation.
As far as the car loan and the loan with other bank is concerned, you will have to speak to them and check if they can provide you with a repayment plan through which you will be able to pay off the debts in a easier way. You can negotiate with them and pay a lesser amount.
Thanks
As far as your credit card debts are concerned, you can try out either a debt consolidation or a debt settlement plan. In debt consolidation, the interest rates for paying the credit card debts are reduced whereas in case of a debt settlement, the payments are reduced by 40%-60% depending upon your situation.
As far as the car loan and the loan with other bank is concerned, you will have to speak to them and check if they can provide you with a repayment plan through which you will be able to pay off the debts in a easier way. You can negotiate with them and pay a lesser amount.
Thanks