i had a lease with 2 other people about 5 years ago. the total debt amount is about 5200 (1200 of that interest). how much should i offer to settle the debt and remove it from my credit report? should i say remove the interest of 1200 leaving 4000, divide it by 3 (3 of us on lease) and offer 50-70% of that – 650-900 bucks to get the debt removed off ‘my’ record. i don’t care about the other 2 people.
OK. 5 years back we got into a problem with a business and had to file for bankruptcy. 5 years later my son needs a car. We found a great reliable car for 8,000 USD and when we applied for a loan from the bank they told us they could’nt give us a loan until the bankruptcy had cleared but we could go to court and try to get approved. We are 90% done with the payments. We are bringing in 110,000 dollars a year and doing well. What are the chances of getting approved and are there any alternatives to going to court? Any other advise?
Family of four, bankruptcy payments, other spending, and a deadline for the car is pretty soon limits the option of saving it up.