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Why chat - please answer
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Posted by Dice
(67.28.59.58) on August 03, 2002 at 13:08:22:
I have 50k+ credit card debt. Before I file BK, I am considering settlement option and have been calling my banks for reduced balance so I can clear it up in 2 years. I am in Nebraska. This question is in regards to my wells fargo cc balance of $12,000. Acct has been closed for 10 months. I also have a car loan with them with about $2000 left to pay. I have never missed car payment but I am 60 days behind on cc payment. Before I call them and offer to settle the cc debt for 50%-60%, I would like to get your input on what they can legally do just because I called and express my difficulty in paying the full amount. Will they take away my car even though I am current on that loan? An answer would be appreciated.
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