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[QUOTE]Originally posted by stanger50: [QB] Let the Mach 1 loan go. The bank can sell the debt to collections and they can possibly garnish your wages, but I dout that. You can get another car loan now, its just your gonna need a huge down payment, co-signer and the APR % rate will be @ 24%. Like mentioned before, dont file dude, your better of making small payments to keep the collector off your back. I worked very hard for my 799 credit score and would work 3 jobs if needed to keep it that way. Everone is in debt at some point of their lives. We will always owe money to someone. Hell, I owe $280k on my house. Thats way worse than your $14k. It sounds to me that your young and got coaght up with excessive car payments. [/QB][/QUOTE]
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