I bought a car in 2016 and it was financed with Capital One Auto. I made the monthly payments always on time for the first year, but then unfortunately I had a big court case involving a divorce and 99% of my finances went to court fees, attorney fees, etc and leaving me with little to no money for bills but the essentials.
It has now been about 5 months since my last payment and Capital One has sent me an offer to settle the loan debt. The amount owed on the loan is $18,000 and the settlement offer is $9000 Unfortunately after all I have been through, there is now way I could pay the past due amount owed on the loan to bring it current and then make the monthly payments.
So my questions are..... Could I sell the vehicle and pay the Settlement Offer in full? If I settle and pay the amount they are asking, will I get the Title for the vehicle? How much would doing a settlement hurt my credit score as opposed to it getting Repossessed?
Thanks in advance for any help!

