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  1. #1
    Join Date
    Feb 2008
    Posts
    1

    Default Repo Payment Arrangement Vs Judgement

    I had a vehicle repossed in Washington State and completed my intial 3 month hardship payment arrangements with the collection agency. The collection company is now saying that the creditor is requiring the payment be made over the next year and a half which puts the payment higher than I can afford. They also want money this month which I don't have. I was told I needed to agree to this terms or they would proceed with filing for a court judgement.

    My question would be is it better to continue to try and reach an agreement with the collection company or let them take me to court where I can show that the payments would create a hardship and more debt to my current situation. I'm not sure how much more I would end up paying for filing fees and lawyer costs on their end.

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Repo Payment Arrangement Vs Judgement

    If you let it go to court, odds are your payments will be smaller, but you won't have a car. Washington's wage garnishment exemption is 75% of earnings or 40 times the federal minimum hourly wage, whichever is greater.

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