Paying off car with Ford Credit but...?

  • Thread starter Thread starter Smilingcheek
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Smilingcheek

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wondering if there is room for negotiation of payoff amount. Our original loan was for 22,000 but due to late payments (we have been unemployed for what seems like forever) our interest is insane and we actually still owe 15,000 after paying 15,000.... does anyone know if there is something I can request so that they will review the account and maybe re-evaluate the payoff amount??? Thank you for your help!
 
No. You can ask, but it is very unlikely that Ford Credit or any other lender would re-negotiate your payoff. They aren't required to. It isn't Ford's fault you are in the situation you're in. Sorry.
 
Do you still own the vehicle? Generally they will negotiate the "difference payoff" if you have done a voluntary repossession. I have never heard of negotiating a payoff though and I am on the phone with Ford Credit daily. Good luck. They are working with people a little better right now because times are tough.
 
Do you still own the vehicle? Generally they will negotiate the "difference payoff" if you have done a voluntary repossession. I have never heard of negotiating a payoff though and I am on the phone with Ford Credit daily. Good luck. They are working with people a little better right now because times are tough.
 
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