Trying to settle overdue car loan

[waynedw]

I am trying to negotiate with Mitbubushi Motors Credit of Ametrica, Inc to pay off an outstanding car loan (not full amount but seeking a settlement that will mean Mitsubishi will recoup more money than if they sold it through auction).

I have been trying for months to mail them and from 6 letters I had one return stating I needed to call a number. Unfortunately I cannot talk to anyone who will say anything other than my only option is to surrender the vehicle.

Can you suggest who I could contact either 3rd party or Mitsubishi to try and progress this issue. I wish to meet as much of my obligation as possible in this matter.

Thanks

Wayne

 

[calalily]

If you don't meet the total obligation then you will not be able to keep the car. A settlement is not used for debts still owed for something in your possession. You should try and pay the amount you have and negotiate the rest of the payments for the car. Like a refinancing.