I forgot to pay my car loan for 5 months (just spaced) and realized it today and am freaking out. The bank is closed today but I looked up my account online and it said charge off (payment due Jan 15) and had loan amount. It's almost paid off and I can pay off the balance tomorrow. My question is is the bank going to reposes my truck even if I pay it off tomorrow? And is there anyway to see if they can remove the charge off if I explain I simply forgot? Thanks in advance for any insight
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.