Being Sued by Credit Union

[CptJackSimpson]

My question involves an auto loan or repossession in the State of: Ca

I am being sued by my credit union for the balance of the motorcycle loan that is currently in default....the balence is only 5000 im only really 1200 behind....what can i do and if they win judgement what could they do...?

should I contact them first? should i try to make a payment plan?

[Betty3]

My question involves an auto loan or repossession in the State of: Ca

I am being sued by my credit union for the balance of the motorcycle loan that is currently in default....the balence is only 5000 im only really 1200 behind....what can i do and if they win judgement what could they do...?

should I contact them first? should i try to make a payment plan?

If they get a judgment against you, they can seize all non-exempt assets/income of yours that your state allows.

You can call them before going to court & see if they will consider a reduction in the amount and/or a payment plan. However, they don't have to do either. If they are willing to do either, be sure to get the agreement in writing.