Action Credit Services LLC

I am going to take the advice from you all and do everything can do still very very nervous about all this so please keep sending advice as we have a week or so to make up our minds Whew !! Thank You

You have received some excellent advice. My suggestion would be to ask BoA what they think about Action Credit. That might be a very definitive answer for you along with those already provided here. Also, it might help some of us understand the magnitude of the issue if you could provide how far apart you are from what you still owe on the loan and what it is worth. For example if the difference is not that great, it might be worth it for you in the long run to pay the difference to sell it just to be out of the loan. Unfortunately, with depreciation reducing the value of the motorhome monthly, keeping the motorhome that you are not using is still costing you in payments, insurance, taxes, registration, maintenance and depreciation. You many find it is costing $1500 a month or more just to hang on to it. It might be to your benefit to pay the loan down to where you can sell it and be out of the obligation.

I doubt the bank wants to repossess the motorhome so maybe you could get a personal loan of some kind to pay the negative equity difference to get it sold. Depending on the amount necessary that could be a smallish loan amount every month. And you would probably break even within a year or so by not paying all the expenses on the motorhome. Just something to think about.

As others have indicated, somewhere in the transaction Action will make money from you on this deal, costing you even more than now. They are not there to help you for free.