My credit is already so-so -im so upset i cant see straight the only other car i can get would be a pay by the week one -help im soo conused
2007-09-20 03:22:13 · 8 answers · asked by BBBB 1 in Cars & Transportation ➔ Buying & Selling
Contact the lender TODAY to see what arangements can be made for you to catch up your payments. They do not want the car back, they would much rather be paid!
You may want to look into a part time job to increase your income, at least until you can catch up on your bills!
Good luck!
2007-09-20 03:31:20 · answer #1 · answered by fire4511 7 · 2⤊ 0⤋
If you're way behind, the lender is probably wondering what's going on, and perhaps getting the paper work together for the repossession. So call him, tell him you realize you're behind, but you've been going through a divorce, and see what you can do at this point. He won't demand payment in full or the car back, he'd much rather get paid, so tell him what you can realistically do, and then stick to it until you get it paid off. That will build up your credit again too, a nice side benefit.
2007-09-20 03:49:31 · answer #2 · answered by oklatom 7 · 2⤊ 0⤋
My experience with letting a car get repo'd is; they fix whats necessary to put it on a car lot for sale or they just auction it. Either way they add up all their losses subtract what they sold it for and send you the bill for the remainder. So you still will be paying them. May be better to keep the car and figure out the payments with them.
2007-09-20 04:11:43 · answer #3 · answered by not 7 · 1⤊ 0⤋
i do no longer understand in the event that they are able to arrest you yet they are able to easily take you to court docket over the final due money and ought to reposess the motor vehicle (however i'm no longer particular why they have been unsuccessful so far.) keep in mind, in the event that they take you to court docket and a choose rules this is priceless to pay the mind-blowing money due, you will additionally be answerable for the court docket expenses linked with that action and you should nevertheless lose the motor vehicle in case you're no longer able to make charge on the decrease back debt AND save up with the coming near money... Any probability you are able to consult with the creditor and check out to artwork out some sort of charge plan to pay down the debt? in all probability a fabulous theory to do away with any very own products from the motor vehicle however...in the event that they repossess it once you're at artwork or away, you will likely no longer get any cds or despite else decrease back.
2016-11-05 22:51:47 · answer #4 · answered by monsalvatge 4 · 0⤊ 0⤋
lGet a cheaper car, a used car. Get your credit right. I will cost you more in the long run if you wait and get more in debt. Use your head. Your life is changed. So, change the things that you need to adjust in your new life. A car is a car. You could sell it and take public transportation, until you save some money to buy a good car again. Think man, it is only a car. Good Luck.
2007-09-20 03:54:55 · answer #5 · answered by FILE 4 · 0⤊ 2⤋
Try to catch up if you can, that way you do have some positive credit and you aren't getting ripped of by a weekly payment car. I have always had bad luck with them.
2007-09-20 03:30:05 · answer #6 · answered by shandebar 3 · 1⤊ 1⤋
call the creditor talk to them tell them whats going on and ask if there is something that you can do liike pay the intrest on the past due payments that will put the past due payments at the end of your bill it will just be added back in
2007-09-20 04:10:13 · answer #7 · answered by glenn_montgomery88 3 · 2⤊ 0⤋
Sorry to hear about your divorce. Definitely, call the lender today, and tell them you have been going through a divorce, your finances are in upheaval, but you do wish to keep your car and not ruin your credit. "Hiding" from them does you no good. They won't know that you aren't some flake who just got tired of paying for the car!
After my husband died, I had lots of troubles with the bills. I lost two-thirds of the household income right along with my reason for living. We were pretty much living paycheck to paycheck as it was. I contacted everyone as soon as I knew I was going to get behind, explained the situation, and worked out arrangements.
You need to tighten your belt, or get another part-time job until you get things caught up. I cancelled my satellite TV (broke my heart, but that was $50 a month!). If you have a cell-phone and a home phone, do you really need both, or could you get by with just one or the other, temporarily? Check out books from your library, instead of buying them.
Shop for groceries and household supplies at the discount food center (Save-A-Lot, Aldi's), where you bag your own groceries. You can save tons of money that way. Make a shopping list and stick to it. Ban eating out for now. Brown bag your lunch. Opt for burgers or pasta instead of steak for now. Ban Starbucks, bring your coffee from home (a $3 cup of joe every day for a month is $90!). I even switched from expensive kitty litter to the store brand! My cat couldn't care less!
Forget expensive luxury items for a while. You don't need expensive body washes or salon brand shampoos, when a bar of soap and a bottle of Suave or VO5 will do just as well. You might find you like saving money so well, you make it a habit! Make a game out of it, trying to see if you can spend less than last time, or save more. Do your own beauty services, nails, etc. Go to a beauty school or quick-cuts-place instead of a salon for cuts and whatever you can't do yourself. Buy make-up and hygiene items at the Dollar General store, etc. or when they are on sale at the grocery store. Don't go near department stores for now.
Forget expensive entertainment. If friends want to go out for dinner and a movie, tell them you're watching your budget, and how about if they come over for a pitch-in dinner or popcorn and a video, instead? You provide the beverages (a few 2-liters of soda is fine), the plates, napkins, etc, and a video or two (favorite flicks from your own collection is fine). Your friends bring everything else amongst themselves. It's way cheaper, and everybody will have a great time! BTW, most libraries have movies you can check out for free, just like books! Check out what yours has to offer!
Lastly, your friends and family probably know you're having a tough year. They will so totally understand when you tell them it's going to be a lean Christmas for you. When you are behind on your bills, you can't be going hog-wild on holidays. Let family or friends invite you to spend the holidays or have the meal with them. You don't need the expense right now.
Think thoughtful, practical gifts, instead of trying to buy stuff that would wow royalty! Do you have a skill? If you knit, you could make sweaters or hats and scarves for gifts. Are you a good baker? Nothing store-bought would please so much as a tin of your secret-recipe fudge, home-made jam, or special holiday cookies. If gift recipients on your list have a favorite magazine, give a gift subscription. They are usually less than $20, and will keep on giving all year long! Recipients will remember your thoughtfulness with every issue!
Don't think you have to buy gifts for everyone you know. For co-workers a card is usually sufficient, unless you work with someone who is also a non-work friend. Give token gifts to people whom you have to give gifts to, but don't want to spend a lot on.
Don't think you are being cheap, when everyone else is burning up their credit cards. You have to be frugal now, and just think. When everyone else is getting shell-shocked with those bills come January, you'll be grinning like the cat who got the cream!
Sorry this is so long, but I wanted to share some easy (even painless) ways to save lots of money, that you might not have thought of. Every penny you save can go to catching up your bills and getting back on track. Also, if you have a few spare hours every week, go work at McDonald's or some place. Just for a while, the extra money will help. You could net around $150 extra a month working one 8-hour shift a week! How hard is that?
Get a handle on your money, get all your creditors on your side (by communicating with them!), and it will eventually settle down. You'll just have to change some habits and ways of thinking about things.
Keep what you have, starting over from scratch is really hard. Pay-by-the-week car dealerships are often rip-offs, the cars aren't worth what you paid, and sometimes aren't even reliable. If you have a decent car, keep it, and work with the lender to get caught up. Consider being debt-free your prize, and keep your eye on it. Nothing will make you feel more vindicated and proud of yourself than coming through this with your head held high, and better than you were before.
Good luck, hon!
2007-09-20 05:11:09 · answer #8 · answered by baymast13 7 · 0⤊ 0⤋