i have a car loan under my name and sister. i was unable to pay it any longer so it was repoed. my sister has no job so her car was repoed also.. i am now getting letters from nationwide credit inc stating i have to pay them 7349.00 but can make a settlement .if i dont pay then it can lead to legal actions with out any furter notice. i work pay check to pay check and told them i can only pay 70 a month.
If i dont pay nationwide credit inc(current creditor capital one serviced inc) will they take me to court for suit and try to get money from me.
Well that sounds about right. If your sister was on your loan they can go after her as well. I would anticipate the odds are fairly good they may sue you and go for a wage garnishment. What state do you live in?
What amount are they saying you can settle for?
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