DivineDiva Posted January 7, 2005 Report Share Posted January 7, 2005 I read somewhere (and I thought it was here) that a tactic to use when negotiating a settlement with a CA you could tell them that you are about to file bankruptcy. I have a repo on my CA from 2000 (OC=Chrysler Financial). The balance is a little over 4000 and I offered 2800 and they countered with 3000. My goal is to get them down to 2500 which is about 60% of the balance. I have no intention on filing bankruptcy. Is this legal? And if it is, what are the drawbacks? Link to comment Share on other sites More sharing options...
DocDon Posted January 7, 2005 Report Share Posted January 7, 2005 Duplicate post Link to comment Share on other sites More sharing options...
crazeedazee02 Posted January 8, 2005 Report Share Posted January 8, 2005 I have been thinking about the same thing. I read somewhere that it is a good idea to keep them thinking you have very little money to work with and are on the verge of filing bankruptcy. Link to comment Share on other sites More sharing options...
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