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Yes, the car was repossessed in Texas, but the loan was originated in CA before entering military service.
The offer amount is $10,000 and taking negative items out in my credit report. The car was repossessed back in 2009, I don't think I'm getting that back. However, there is no mention in the letter about the loan balance.
In my understanding, if I sign the release, I get $10,000 but will not be able to sue them in the future for the SCRA violation. This prevents a lawsuit against them in the future.
Is it safe to say that they will terminate loan balance?