what do you do when you find out your bank screwed you?

Question

i bought a brand new car last year and i want a different one and i owe more on my car than its worth

Answer 1

I don't think it's your bank that screwed you honey, it's a common occurence. I just bought my car and I would like a new car too, but cars lose value quickly once you drive them off the lot, that's not your banks fault. Pay off your car and then buy a new one. Or you can find one of those shady dealerships that don't care how much you owe, but you will pay a whole lot more in interest, I can promise you that! Or save up enough money to pay off the difference. If you pay extra on your car loan every month, call your bank and make sure that the extra money is going to the principal, not the interest. That way you won't be upside down on your trade-in when you are ready for your trade-in. However, you look pretty young in your picture. I would be careful about your credit. I see a lot of my friends in a lot of debt because they need new cars and always racking up their credit card bills. You don't really sound any better. You really need to take inventory of what you want and what you need before you go putting yourself in further debt for a car you most definitely do not need.

Answer 2

You pay up else your BAD credit report could end up costing you your entire life.