Q: I just have a question regarding voluntary surrender of a vehicle.
Currently working with a lending company that I have paid each month since we financed the vehicle. Currently fiancee and I are in quite the finacial hardship and I asked them if I could pay them on the 3rd, knowing that I will also be making a payment on the 18th as well in March. Payment is due on the 20th of each month.They told me they refuse to let me make the payment in the next month and they have been more than flexible with me and even though I have made the payment each month, there is nothing they can do. I let them know that I'm not trying to avoid payment, we just don't have the funds and needed some help. My question becomes would it be beneficial to do a voluntary surrender of the vehicle as they are not willing to work with me, or let them repossess the vehicle as they are threatening to do so as of today.
A: Neither. Secure the vehicle and pay as you proposed.
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