Thats why we generally say do it only if you have the funds to PIF, just in case they "get serious". I have not heard of anyone dealing with Exeter (thats who my car is currently financed with) so I don't know how agressive they could get, but in general, most OC's will try to work with you, if they see you are serious about getting something paid off. I would possible start with making a 50% settlement offer and go from there. Basically approach them with "I have x dollars from my tax return and I might be able borrow y dollars from my family, could we possible settle this for z dollars? If they seem amenable to a settlement, then feel them out for a PFD for the full amount.
