Legal Question in Credit and Debt Law in California

None of your creditors are required to accept anything but the full payment you agreed to make. I doubt that your truck loan company is "happy" to receive a quarter payment, but you did not ask about that so I won't comment on the problem being created there.

As for the storage unit, you need to find the money by April 8, 2010, or you will lose the items stored therein. California's warehouseman's laws are very clear - you lose the right to your stored items once you default on the payments for storage. Borrow the money from someone, cure the default and get everything out. They will generally not work out a "deal" because as soon as they open access to that unit, you will move everything out, stop paying them and they will not collect a dime. It's all about leverage, and while they have your possessions under lock and key, and threat of sale, my experience is that they will not make a deal or accept anything less than the full amount due.

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