co-signer troubles ...

[contiw]

California.

Co-signer in the purchase of an automobile.
Automobile totalled in accident. No Insurance. Payments defaulted.
Credit agency wants to get to some agreements out of court.
Amount due around 10K, impossible for me to repay at this moment.
Court papers already served.

Please, please advice.
Norma Conti

 

[seniorjudge]

I am not sure what kind of advice you are looking for.

All I can tell you is you need to negotiate the best settlement you can about paying your debt.

 

[contiw]

Thank you seniorjudge.
According to your experience is it better to get to some sort of agreement with the credit agency or in court with the judge?

Norma C.

 

[seniorjudge]

You need to make an agreement with the collection agency.

The more you pay them up front, the more likely they are to negotiate.

All the court does is decide if you owe it.