Comments on: What To Do When You Can’t Afford Your Car Payment http://www.askmrcreditcard.com/creditcardblog/what-to-do-when-you-cant-afford-your-car-payment/ Latest Credit Card News, Reviews and Information Sat, 21 Nov 2009 01:24:43 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: kelly http://www.askmrcreditcard.com/creditcardblog/what-to-do-when-you-cant-afford-your-car-payment/comment-page-1/#comment-114659 kelly Thu, 06 Aug 2009 00:25:37 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=2489#comment-114659 Does anybody know if your able to trade in a car you owe on for a car much less in value??? Does anybody know if your able to trade in a car you owe on for a car much less in value???

]]> By: sell my car http://www.askmrcreditcard.com/creditcardblog/what-to-do-when-you-cant-afford-your-car-payment/comment-page-1/#comment-102282 sell my car Fri, 27 Mar 2009 12:32:37 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=2489#comment-102282 Sell the car is also what I would suggest! Price will drop if you wait longer... Sell the car is also what I would suggest! Price will drop if you wait longer…

]]> By: Mason Easley http://www.askmrcreditcard.com/creditcardblog/what-to-do-when-you-cant-afford-your-car-payment/comment-page-1/#comment-100157 Mason Easley Wed, 04 Mar 2009 17:11:52 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=2489#comment-100157 I am in the same boat...I lost my job and had to take one making 80% less than I used to...my car payment is $600 a month and I can't afford it anymore. I have spent all my savings paying for it...going to go talk to a bankrupcy attorney...should have long ago. I guess this is my only option. Anyone have a similar situation? I am in the same boat…I lost my job and had to take one making 80% less than I used to…my car payment is $600 a month and I can’t afford it anymore. I have spent all my savings paying for it…going to go talk to a bankrupcy attorney…should have long ago. I guess this is my only option. Anyone have a similar situation?

]]> By: IntheSameBoat http://www.askmrcreditcard.com/creditcardblog/what-to-do-when-you-cant-afford-your-car-payment/comment-page-1/#comment-95783 IntheSameBoat Sat, 24 Jan 2009 23:12:55 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=2489#comment-95783 Apparently Mr Credit Card who answered this posting doesn't have a clue as to how bad the economy is. If it was that easy to put your vehicle up for sale and actually have someone buy it, that would be great......there are not a lot of people who can afford to buy anything right now. Getting a second job.....there aren't even enough jobs around for everyone who needs one to get one, let alone 2 jobs. The advice that was offered here mean nothing in this economy. Most lenders for auto loans won't even work with you....I've tried that route. It sure would be nice if someone could offer help to those who are now making half or less of what they were making last year. Apparently Mr Credit Card who answered this posting doesn’t have a clue as to how bad the economy is. If it was that easy to put your vehicle up for sale and actually have someone buy it, that would be great……there are not a lot of people who can afford to buy anything right now. Getting a second job…..there aren’t even enough jobs around for everyone who needs one to get one, let alone 2 jobs.

The advice that was offered here mean nothing in this economy. Most lenders for auto loans won’t even work with you….I’ve tried that route. It sure would be nice if someone could offer help to those who are now making half or less of what they were making last year.

]]> By: Roger http://www.askmrcreditcard.com/creditcardblog/what-to-do-when-you-cant-afford-your-car-payment/comment-page-1/#comment-95677 Roger Fri, 23 Jan 2009 03:58:56 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=2489#comment-95677 Robin, I was thinking the same thing. If she attempts to sell the car to a private party, wouldn't she have to sign over the deed. Naturally, she would not have access to it because she has not paid off the loan, so technically, the car isn't hers to sell. With that said and as Mr. Credit Card suggested, honesty is the best policy. Simply talk to the lein holder. Your situation reminds me of "me". My car got repossessed about 11 years ago, and it was the best thing that EVER happened to me. Yes, I had to pay back the $2,000 that remained after it was re-sold, but I started using public transportation and my bicycle to get to work and school, so I got in shape and dropped a lot of pounds, lol. Also, because I didn't have that huge expense anymore, I was able to save and put myself through grad school. I'm still carless, and I love it. Robin,
I was thinking the same thing. If she attempts to sell the car to a private party, wouldn’t she have to sign over the deed. Naturally, she would not have access to it because she has not paid off the loan, so technically, the car isn’t hers to sell. With that said and as Mr. Credit Card suggested, honesty is the best policy. Simply talk to the lein holder.

Your situation reminds me of “me”. My car got repossessed about 11 years ago, and it was the best thing that EVER happened to me. Yes, I had to pay back the $2,000 that remained after it was re-sold, but I started using public transportation and my bicycle to get to work and school, so I got in shape and dropped a lot of pounds, lol. Also, because I didn’t have that huge expense anymore, I was able to save and put myself through grad school. I’m still carless, and I love it.

]]> By: Robin http://www.askmrcreditcard.com/creditcardblog/what-to-do-when-you-cant-afford-your-car-payment/comment-page-1/#comment-94167 Robin Sun, 04 Jan 2009 21:51:19 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=2489#comment-94167 How can you sell your car if the loan isn't paid in full? How can you sell your car if the loan isn’t paid in full?

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