A Vol. Repo will still net you shitty credit for 5-7 years depending on the lender and how many payments you have already missed and if you can't pay off the remaining amount you are upside down on.

I hit a rough spot a few years ago and was faced with bankruptcy but didn't take that option. I almost lost my house, I vol. repo'ed my car, and to this day it is still hurting me. Do what ever you can. I worked one full time job and 2 part time jobs to save my house and other belongings until shit got worked out...I should have done the same with my car too....then I'd be good to go now.


If you have any collaterial (sp I think)....you could do a for sale by owner and then whatever the remaining balance, you could do a personal loan from the bank or home equity loan to cover the difference so your credit could stay in tact. But again I don't know your entire situation, your age, and all of the other important stuff to go along with the story.

Either way....good luck.