We were discharged in Dec. 2004. Before this we had contacted citifinancial who gave us a loan against our van a few months earlier, about making a "deal" on purchasing our van back. The loan was over $10000 and the value of the van was about $2500. (High miles, needs work but we can do all the work ourselves, just didn't in case they repo'd it.) They said they would get back to us with an offer but never did. They said they would send papers to our attorney reguarding the situation and also didn't do that. Obviously we still have and are using the van. After the discharge, my husband had to have surgery on his shoulder which will keep him off work probably 3 months and s&a hasn't kicked in yet, nor will workers comp pay. Point being, we have only my small income of 34 hours a week at $8.70 an hour. Not enough to get a loan for another car (IF we could find one) nor enough to afford a payment right now either. I recently checked our credit reports and all show this loan as being open and UNSECURED. Isn't a lein on the title secured loan? I know we have to clean up our reports so, do we just turn over the van and do without a vehicle (which is going to be a major problem- we both work 30 miles one way from home and different shifts so we'll need 2 vehicles)? Right now I am using the van, but when he returns to work, we won't have another car. The one we had is completely shot.
Or should I try contacting citifinancial again to try and work something out? We contacted an attorney and he said it was up to us. Can someone out there help us out with some information? I am worried sick, afraid we won't have a vehicle and will lose our jobs.
I appreciate anyone's advice. Thank you.
Or should I try contacting citifinancial again to try and work something out? We contacted an attorney and he said it was up to us. Can someone out there help us out with some information? I am worried sick, afraid we won't have a vehicle and will lose our jobs.
I appreciate anyone's advice. Thank you.
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