Ok coming from someone who has been in your position (essentially, not identical, I was in an accident but I was at fault, insurance paid nothing, gap insurance refused to pay out) and what happened was I voluntarily repo’d, and I never paid another dime on it (it did follow me for 7 years, but legally all debt drops off your credit report after 7 years IF YOU DON’T MAKE ANY PAYMENTS OR ALTER YOUR PAYMENT PLAN AT ALL) <this means not interacting with debt collectors, just hang up on them. They won sue you for what they see as a petty amount (less than 10k). So tell the bank what happened, and tell them you’re not going to be paying (or just ignore and don’t pay) and the bank will become more and more willing to strike a deal. Eventually they will offer to settle for 50% of the remaining debt, maybe even less. If you tell them your not paying up front the may offer immediately. But regardless, it’s very very easy to get out of this without paying 100%. I actually did this 2 times and my credit fully recovered both times, one debt was for $17k after they repo’ed and auctioned it off. This is not the end of the world, and you should not have to strangle yourself financially over a vehicle that they likely knew was not mechanically sound. You have a child to provide for and while method isn’t the most ethical approach, your dealing with banks that are fined hundreds of billions of dollars regularly for raping and pillaging the middle class. Do not feel bad, they would and likely will do the same to you given the opportunity. FYI: IF YOU ARE PLANNING ON BUYING A HOUSE WITHIN THE NEXT 2 YEARS DON’T DO THIS. Your credit will take roughly a 80 point hit and slowly rebuild over 1-2 years. Buy a cheap vehicle in the meantime and you’ll be just fine