negotiating a surrender of the vehicle and the balance still owed might have worked, but i doubt it would have been approved by the lender here. they know they’re dealing with half a rotting brain cell with an empty wallet and no prospects. they’d rather start their well-tuned process to default the loan, recover and sell the car, bill the balance, and then either file for judgement/garnishment or sell it to a debt collector.
The strange thing is, now hear me out because it sounds crazy, banks will generally work with you on a debt repayment plan if you get behind on your bills if you actually talk to them instead of avoiding any financial responsibility for long periods of time. It’s almost like they would rather have a mutually beneficial outcome. You would almost think that real humans with even a small amount of compassion run banks. Crazy, I know…
negotiating a surrender of the vehicle and the balance still owed might have worked, but i doubt it would have been approved by the lender here. they know they’re dealing with half a rotting brain cell with an empty wallet and no prospects. they’d rather start their well-tuned process to default the loan, recover and sell the car, bill the balance, and then either file for judgement/garnishment or sell it to a debt collector.
The strange thing is, now hear me out because it sounds crazy, banks will generally work with you on a debt repayment plan if you get behind on your bills if you actually talk to them instead of avoiding any financial responsibility for long periods of time. It’s almost like they would rather have a mutually beneficial outcome. You would almost think that real humans with even a small amount of compassion run banks. Crazy, I know…