Old Jul 19, 2004 | 10:10 PM
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Daniel
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Joined: Apr 2001
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From: Concord, NC
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Speaking from an auto-financing standpoint, we have customers who call in and want to settle on deliquent loans. If the account is not past a certain point in it's deliquency, we will provide the complete payoff and only accept that much. It's only once an account reaches a certain point, such as reposession or charge-off that we would negotiate a settlement based on vehicle value.
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