Legal Question in Credit and Debt Law in Illinois

Thank you for your question. You find yourself in what I would describe as "no man's land". Since they have repossessed the car, you are no liable for the deficiency amount. Have they taken you to court to get a judgment yet? If not, you are liable for the full amount at any given time; whatever monthly payment they state that they are willing to accept is largely aspirational - that is, they can sue you for the entire amount at anytime. So, yes, technically you can send them whatever you want. Have you considered working out a settlement with them? Alternately, have you considered a bankruptcy? Please feel free to email me directly with any further questions you may have: [email protected]