Hi
I owed around 4k on my Auto loan when I bk'ed them. The car wasn't worth that much that was the reason, well fast forward is it worth to do a settlement with the finance company (Credit Union) in exchange for "Paid as agreed" or "paid in full". Or does it not matter, I heard that if I want to finance a new/used car the finance company would want to look at my last car that I financed. If it doesn't help then I won't do it, what do you guys think? Please advise.
I owed around 4k on my Auto loan when I bk'ed them. The car wasn't worth that much that was the reason, well fast forward is it worth to do a settlement with the finance company (Credit Union) in exchange for "Paid as agreed" or "paid in full". Or does it not matter, I heard that if I want to finance a new/used car the finance company would want to look at my last car that I financed. If it doesn't help then I won't do it, what do you guys think? Please advise.