I filed bankruptcy in Oct 18th 2006 and discharged in January 2007. As of now, I owe over $8,000 with the orginal loan only being $1,500. My husband has past away in January too. So I am on a limited income. I am on 54 yrs. old. Please let me no what I can do to get this reduced.
2007-07-16 13:09:06 · 5 answers · asked by mch553 1 in Business & Finance ➔ Personal Finance
you have been directing your questions to the wrong people.
You need professional advice.
If you got yourself into a pay day car title loan, you may want to kiss that car goodbye. The problem is you will still owe what they don't recover by selling it.
You need to do whatever it takes to discharge that loan, immediately. It won't get better.
Look for some state run agencies that may be able to help.
good luck
2007-07-16 13:20:55 · answer #1 · answered by Bill R 7 · 1⤊ 0⤋
1
2016-09-26 14:08:31 · answer #2 · answered by ? 3 · 0⤊ 0⤋
If I understand you correctly...you filed bankruptcy but reaffirmed on your automobile...so the debt that went with the auto is still in effect (personally...you are more than upside down in this loan, you are upside down and over a barrell!).
The only thing I can suggest is to call and request a reduction in fees and interest rates. Since you chose to keep the auto you are stuck with the bill. If you choose to have them repo it you will have both on your report and that will really mess with your credit. Inform them that the primary bread winner passed away and you are finding it difficult to afford the payments on your own. Tell them you want to do right by them but you would appriciate a little flexability on their part...whats the worst that can happen, they say no and you are right where you are now.
2007-07-16 13:47:20 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I'm afraid I might understand what you're saying: You recently filed bankruptcy, so you can't file again. AND sometime after January 07 you took a $1,500 pay day loan with your car as collateral.... and you now owe them $8,000 on that loan or you lose your car. Is this what you're saying?
Please explain so we can try to give you an honest answer.
2007-07-16 13:22:56 · answer #4 · answered by Nancy P 4 · 0⤊ 0⤋
Don't believe I understand your question.
2007-07-16 13:12:57 · answer #5 · answered by Really ? 7 · 0⤊ 0⤋
Pay your debts
2007-07-16 13:11:43 · answer #6 · answered by tricycle_pilot 4 · 0⤊ 1⤋