Quote:
Originally Posted by platinum
The only reason I can see to default on the cars is so I can be in a better position to negotiate a deal with the credit card companies, but as I said, they are essential to both my wife's and my work so that isn't an option.
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The CC debt is not going to be negotiable if you are paying current on two auto loans. If you default on the car loans to get in a better position to negotiate with the CC debt collectors, the cars will be repossessed. Then you'll have no cars at all. Can you afford to pay the auto loans + credit cards in full if you lose both the mortgages?