*Sigh. Somebody please give me some good advice. So, I make between 18 - 19 / hr at about 35 hours a week. That is a total income of $1900 a month. I messed up once in my past three years ago and my credit score is now 597. I have a history of repossesion (redeemed). I currently only have 1 credit card thats interest rate is a whopping 16%. I owe $3300 on the credit card and is currently making only minimum payments. No credit line increase on that card obviously. I have one auto loan that's interest rate is about 13%. I am making payments of $120 on that. About 85% goes to the principal. I have $2900 left on that loan. Meanwhile, yesterday, my car broke down and it turns out my transmission is done for. Meaning, because I still have not finished paying my loan, I cannot sell the remaining unworking car and I still need insurance on the car due to lender regulations. However, I need a new car. Any advice on consolidating loans or debt management? or whatever?!!!
2007-04-21
16:58:16
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5 answers
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asked by
Meng S
1
in
Business & Finance
➔ Credit