- Nov 14, 2006
- Reaction score
- The People's Republic of Ann Arbor
That's not one of your options. Wyndham is not going to re-negotiate your payments. They probably no longer even own your loan.I'm not looking at getting out all together, but have something I can live with.
Your two options are: (1) Pay it off and use it. (2) Stop paying on it, have Wyndham freeze your account, and eventually take back the whole thing. The latter will likely incur a credit hit, but probably not a huge one. If it is between that and being able to make rent/buy groceries/etc. it is an easy decision to make. If it is just that the payments are hard, but doable, that's a more nuanced question.
A lawyer is not going to be of much help, because you willingly signed a valid contract, and there is no magic lawyer-way to undo that.
You might consider speaking with a credit counselor, who could help you navigate your situation. I would advise against a debt settlement/relief company.