Will Wells Fargo negotiate payment on a Repossessed vehicle?

Answers:0   |   LastUpdateAt:2012-11-02 23:32:35  

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Ramandeep
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We were underwater on our car loan 2 years ago because of an interest rate of i believe 29%. or 19%. Anyways they repossessed the car and they claim we owe 8k and some change in fees (auction costs, depreciated sale value..etc). Anyways, a collections agency wants to settle for 35% of that 8k. Can i offer the 3k to wells fargo directly and have to repo removed. I don't plan on financing another vehicle.
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