I put myself in this situation, and I know it, I need some advice to get out.
I had a good car for an amazing price... too good to be true. Everything went wrong at once. I needed another car and fast. I traded in my car and ended upside down on a loan. about $15,000 for a 2005 Nissan Sentra. Which I hate. I made the decision too fast and purchased it. My payments are about $300. I had insurance but it's cancelled now, it's been cancelled since about May.
the credit union added collateral ins. I am not sure what my payment is yet, but I am sure it has at least doubled. I am already half a month behind on my payment. I plan on getting ins on the 15th (that's when I get paid) but I know my payment has gone up. I just don't know if I can afford all this. Should I insure the car, trade it in for something I can afford? I am so scared...
I only have about $600 to work with every pay day.
Any help would be GREATLY appreciated. *thanks*
2007-10-10
07:03:53
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7 answers
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asked by
u_fas_n8me
4
in
Personal Finance