Need advice or professional help in negotiating a settlement with Toyota

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Posted by Thomas Barr on October 26, 1998 at 00:14:59:

In January 1994 I lost my job at an advertising agency due to a cut back. six months earlier I had purchased and financed a program car from Toyota through Toyota Motor Credit.

The following 9 months were rough. In short order a could not make the payments and my family attorney suggested that I let them voluntarily repossess it.

So I drove it to the dealer to return it.

I simply could not find a job here after nine months so I took a job in Seoul, Korea. After two years I came back after getting sick only to end up wash golf carts for six months. For the last 2 1/2 years I have been employed, met a nice lady, married and try to buy a small condo...but was denied due to the major derogatory from Toyota. They have a balance owing of around $13,500.

The big question is how to approach this?

I think I need an attorney or paralegal who has experience in negotiating a settlement. Or, will they let me resume payments.

Either way the mortgage company said they needed something on paper from Toyota. Who knows, perhaps I should challenge it with the credit bureaus.

Any recommendations, questions or thoughts? I will pay cash in advance for your services.

Thomas Illinois
tbarr2000@aol.com

10/23/98

Follow Ups:

Re: Need advice or professional help in negotiating a settlement with Toyota crash22 14:25:23 10/31/98 (1)
- Be careful, especially with 800 #s ... Christine Baker 15:09:28 11/15/98 (0)

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Comments:
: In January 1994 I lost my job at an advertising agency due to a cut back.  six months earlier I had purchased and financed a program car from Toyota through Toyota Motor Credit.  

: The following 9 months were rough.  In short order a could not make the payments and my family attorney suggested that I let them voluntarily repossess it.  

: So I drove it to the dealer to return it.  

: I simply could not find a job here after nine months so I took a job in Seoul, Korea. After two years I came back after getting sick only to end up wash golf carts for six months. For the last 2 1/2 years I have been employed, met a nice lady, married and try to buy a small condo...but was denied due to the major derogatory from Toyota.  They have a balance owing of around $13,500.  

: The big question is how to approach this?  

: I think I need  an attorney or paralegal who has experience in  negotiating a settlement.  Or, will they let me resume payments.  

: Either way the mortgage company said they needed something on paper from Toyota.  Who knows, perhaps I should challenge it with the credit bureaus.  

: Any recommendations, questions or thoughts?  I will pay cash in advance for your services.

: Thomas Illinois 
: tbarr2000@aol.com

: 10/23/98


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