can anyone help with a repo?

[Anonymous]

Hello everyone, I have a question regarding a repo. My car was repossed and I still have a balance of $3,036.90. I recently rec'd a letter from GE capital stating that they will settle for 25% of the debt which is $759.23. My question is, should I take this offer or not? Or should I do a pfd letter instead?

I am totally confused. please help. 

[BRH3]

Agree to the offer if they will delete it from your credit file. Make sure you have it in writing on company letterhead.

[Anonymous]

but be careful on how much hardball you want to play with these guys,  that's a pretty nice offer and would hate to have it revoked and then having to owe on the full amount again.

[Anonymous]

Thanks for the advice guys! I think I will respond with a deletion letter first.