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by keithold is a prodigal bagger on February 19th, 2007
G'day Arthur MC,
Thank you for your question. I would talk with consumer counselling services or consumer advice bureau in your area. It might achieve a lower price than if you sold it voluntarily and it will give you a bad credit rating.
You should only do so if the creditor waives the right to recover the balance of the amount owing from you or gives you some other encouragement.
If you wanted to, you could speak with the credit provider but you should understand the consequences of doing so.
I have attached sources for your reference.
Regards
Repossession in Delaware
http://www.lscd.com/Home/PublicWeb/Content/Consumer/Repossession
Ask the Debt Expert
http://www.myvesta.org/column/052404.htm
Consumer Credit Legal Centre
http://www.cclcnsw.org.au/DFT_Project_2002/module_03_Cant_Pay_-_Hardship/cant_pay_your_loan.html
Answerbag
attorneys USA
http://attorneysusa.com/familylawblog/2005/09/voluntary-surrender-of-car-no-such.html
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