2006-09-27 08:29:26 · 6 answers · asked by much2deep 1 in Business & Finance ➔ Credit
Your Possession, the car now owns you...ooops I mean the bank or fianance company owns you. Unfortunately, you are in it for the 'long haul'. Continue to make payments and your credit will improve.
2006-09-27 08:41:16 · answer #1 · answered by bereftcat 4 · 0⤊ 0⤋
No matter how much money you make, start a savings account and put away a set amount every month. It can be as little as 50 cents. But make a mininum, and if you have more to put away then do it, but always make sure you make the minimum. I recommend opening up an online savings and checking account. That way you can transfer your funds in 2 seconds. It may seem like a little, but if you dont touch the money, it really adds up.
2006-09-27 08:39:13 · answer #2 · answered by Love song!! 4 · 0⤊ 0⤋
It's possible that you can talk to the lender about lowering your payment, extending the term of the note.
If the balance of the principle is equal to or less than the value of the car, they may.
They would rather work with you than
re-possess.
You have nothing to lose by trying.
2006-09-27 08:41:28 · answer #3 · answered by ed 7 · 0⤊ 0⤋
If you can, pay it off early to avoid the interest.
2006-09-27 08:37:14 · answer #4 · answered by Anonymous · 0⤊ 0⤋
try to save money elsewhere, b/c you won't have luck trying to refi that note.
2006-09-27 08:33:30 · answer #5 · answered by Anonymous · 0⤊ 0⤋
open a deposit accout at the bank
2006-09-28 22:05:34 · answer #6 · answered by Anonymous · 0⤊ 0⤋