Consumer Protection Law
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The creditor is likely seeking the deficiency amount (balance of the loan after the vehicle was sold and proceeds applied to debt) from you at this point. If you don't respond or negotiate a repayment of the deficiency amount, then the lender can and likely will sue for the amount due.
As for what to offer the creditor to settle the debt, that really depends on what you can afford.....and if the creditor refuses your offer, you can hold out until the lender sues......and if that happens, you can always consider bankruptcy at that point to rid yourself of the obligation to pay this delinquent amount.
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