I'm deeply in debt try to refinance but can't. Have two vehicles both breaking down. Do I take out backruptcy?
460443
Read Dave Ramsey's book: The Total Money Make-Over.  He has a radio talk show too which airs in most cities.  I listen to his show often and people call in with situations very similar to yours.  DON'T FILE BANKRUPTCY until you have checked out this guy's book or talk show.\n\nP.S.  Prayer never hurts.
772467
That's tough, I'm sorry.  \n\nThey should have contacted you prior to auctioning the car off.  They are also to  send you a notice telling you how much the car was auctioned for and how much you owe after the auction.  I'd request proof that they sent you something.  Being a co-signer they can and will go after you just like they would do your mother.  I'd contact a lawyer and see what he/she says.  There may really be no way of getting out from under it.  Some people would suggest bankruptcy, I don't think you should have to go that extreme unless you have other things you need to get rid of.  How's your credit?  Is this car on it as a negative? Maybe you could get a loan to pay the car off, if this is possible ask the collection agency if they'd accept a settlement.  I'd offer a little over half of the balance.  That way this would be paid and you'd have a new positive account (bank loan) to help repair the damage that's been done by the repossessed car.\nGood Luck.
779041
Refinance and pay off debt and get additional money from your equity.\n\nCall my motgage guy, Glenn Silvera compedative rates has done 3 loans for my family..  office 561 683 9168  or  \nCell 561 309 5539, he hates when I give that out hahahahahaaa\n\nAt the very least you should call him and laugh then hang up!!!!\n\nDo It!!! \n\nIm evil...
856619
Contact the business which loaned you money for the car.  What probably happened is:  you turned the car in to them....they sold it....the amount of the sale did not cover your loan amount... you now owe the difference (called a deficiency balance).\n\nMake arrangements to pay it... and any other debts that you've decided not to pay.  Grow up....fix your own credit.... you and you alone are responsible for it.  You can pay a company to "fix" it for you, but it won't be fixed and you will then owe THEM money.\n\nIf you've been turned down for a loan, go back to that loan officer and ask her how you can become more eligible for a loan.  Follow her advice exactly.
869937
They probably don't want to go through the cost of taking your car back, so continue to insist on working out a payment plan with them.  Ask for the supervisor, and whatever you are able to agree on, get it in writing.  If you can't get anywhere with them, however, I would consider getting an attorney or nonprofit debt counselor involved who can negotiate for you.  Daily phone calls are harrassing and can be illegal.
1084119
Try to make good on the loan that you defaulted on before make another loan.\n\n\nLC
874706
Pay them off.\n\nI mean seriously. Your question is extremely VAGUE. How about delivering more information. Y oure only going to get more answers like this if your question remains so completely open to speculation.\nHabe you heard of refinancing? Contact your student loan company and tell them y ou want to extend the life of your loan and make lower payments monthly. As far as credit cards go....if you SINCERELY CANNOT Pay them, go see a consolidation service. For a fee, they will get your debts REDUCED or SETTLED for a much lower amount, OR like a student loan, they can extend the time you have to pay it off and at a lower rate. \nBut if worse comes to worse, and you CANNOT afford to pay off your credit cards- theres not much they end up doing. It WILL affect your ability to get loans and credit in the future, even a house, but theyre not going to come to your door and start taking your couch and tv or put you in jail. THE WORST they can do is file a JUDGEMENT against you which you wont even have to physically appear in court about. It wll affect your life, but you dont HAVE to pay it off. If you have no money to pay this crap, what do they think youre gonna do? Pay even more than you cant afford now? Ive had capital one threaten to sue me for a 1300 dollar debt, that they JACKED UP to 2700 dollars. If I cant pay 1300, what makes them think I can pay 2700 in late fees and interest? Ive received letters saying that a suit is being filed, but so far, aint jack happened to me and I dont expect that it will. MANY PEOPLE owe MUCH MUCH more than I do, and nothing happened to them either. Its not like a car loan, where if you dont pay they come and take your car. Theyre not going to come and say you bought this and that on your credit card and we are taking it now. They send threatening letters and call your answering machine like CRAZY, but once you TELL THEM to leave you alone, by law they have to. Doesnt mean they wont file a claim against you though. But it will by law, make them stop calling you and sending BS letters. \n\nthey mostly rely on fear to make you do whatever to pay them. Thing is, theire insured and write these debts off as a bad debt and then you have to wait like 7 years to have it taken off your credit report. But you'll find those 7 years go by fast when you realize that you dont TRULY need a credit card to live. \nDo you budget your self? MANY people dont know how to budget, you may h ave to find out, are you spending too much on food and entertainment during your paycheck periods? If so, start changing your lifestyle, dont eat out, dont buy items that do nothing but sit on a table or shelf and look pretty etc etc. AMericans are constantly being told by TV and radio etc that they are EXPECTED To buy buy buy everything that they dont even TRULY need. Ignore the lies and live within your means.\nFOR EXAMPLE Buy a 30 dollar CROCK POT and for a 2 dollar bag of potatoes or the same 2 dollar amount of carrots  and a 10 dollar bag of bonesless chicken you can eat ALL WEEK, just serve it with noodles or rice or a 50 cents can of green beans to change it up daily.\n\nLife will get better in time, be patient. You'll be surprised at how fast time can fly with lifes distractions.
841715
Right now, you're probably "upside down" on your cars.  That means you owe more on them than what you could sell them for.  You are proposing getting upside down on a much bigger scale... that's moving backwards financially, not forwards.  Do not do it.  \n\nSell the cars even at a loss and don't get a loan for more than 100% (even that's stretching it).  You can then buy lesser cars (preferably cash) and then your payments and insurance won't be eating you out of house and home...literally.\n\nEven if this takes time, it is worth it.  Keep your credit clean - make payments on time and stop overstretching yourself.  At the minimum, save up your own closing costs and prepaids.  If you do get an 80/20 loan (two loans, equaling 100% of the sales price), make extra payments to the 20% part and pay it off early.  DO NOT BUY EXPENSIVE CARS AFTER MOVING IN AND KILL THIS OPTION.  Also, don't go out and buy all the appliances on credit and sink yourself into more debt.  Go look in the newspaper and buy used fridge, washer, dryer with cash as you can.  Don't fall for the "24 months same as cash" scams.  They know that you're over extending yourself, and the interest will get on there when you don't pay it off by 24 months.\n\nGood luck with your first home.
218758
Do not refinance and pay off the debt, UNLESS you have more financial discipline than you did when you ran up the high debts in the first place.\n\nRight now, the growth in the equity in your home is like a forced savings account.  You may need this forced savings for more critical things in the future (loss of a job, a health emergency, retirement).\n\nIf you refinance and pay off the debt and THEN, feeling relieved of the burden, go on a spending binge and run up your debt again, you will be left with high debt, little equity, and a significant risk of having your home foreclosed.\n\nDo not take the advice of those pushing their refinancing loan products without really thinking about your personal situation and being honest with yourself about your own financial discipline.\n\nIf you HAVE developed disciplne (older and wiser), you might want to consider taking out an equity loan for a portion of your equity and paying off the highest rate debt that you have.  If this works well, once you've paid off the equity loan, do it again and pay off more of your highest rate debt.  I'm, of course, assuming that your equity loan rate is lower than the debt that you would be paying off.
118259
If you have poor credit, and dealerships have tried to get you a loan and cannot, there is not much you can do about it..you can possibly put a  large ammount down and the bank might finance you because its not as much money....or a co-signer......I would also try to get a loan with your own bank, as long your in good standing with them, you might have more luck with them.  Also if you have had a good car loan with any bank, no lates, made all payments ect, they might also take that into concerderation...And if all else fails Call around and look for a buy here pay here, they dont go through banks, but you do have to put a bit some $$$ down.............Good Luck, Hope that helps!
192229
the easiest way to do that is to add in some cash and refinance as 1 mortgage.  Whoever gave you the 2nd loan did something that really didnt help you out at all.
789172
Usually you are allowed to keep one car.  (You need transportation to get to and from work in order to pay the court!) However, it does depend on how your bankruptcy is structured.  \n\nHave seen cases where b/c car was in both the company & the individual's name that initially the car was not included in the assets / debts "refinanced/ charged off" in the bankruptcy AS LONG AS THE ACCOUNT WAS KEPT CURRENT.  Once this person became delinquent (3-4 payments), the finance company reviewed the account and the creditors credit report.  They then accelerated the note requiring the full payment of the remaining balance not just the 4/9 payments remaining.\n\nHowever, in most cases a car loan is a secured creditor (they hold the title on the vehicle until paid in full) and will be included in the debt to be reorganized.    Your payments maybe reduced but number of payments extended - still paying directly to the finance company.  Or included in your payment to the bankruptcy trustee/court who distributes payment to the various creditors. \n\nCheck with a bankruptcy attorney.  Many do not charge for the initial consultation.  With the change in the law regarding bankruptcy - unsecured debt - credit cards - have much stricter regulations / criteria to meet in order to be included in a bankruptcy...your level of income.  I believe you cannot make more than $32 - $36,000 per year to be eligible to include unsecured debt.   Don't quote me.  Do a search on bankruptcy laws after 10/17/2005 - date the new regs went into effect.  \n\nMost finance companies - well like Chrysler Financial, GMAC - will try to work with you if you call them and explain your situation.  In this case it is better to ask permission rather than ask for forgiveness....\n\nGood luck.  In today's society, this is more common than you think.  What i mean is dont let it ruin your world.  Just be positive and work you way through.  There is a light at the end of the tunnel.   You are already being proactive - just keep it that way!\n\n\nCheck this site out, it has lots of information.\nhttp://www.totalbankruptcy.com/
828295
You  can't do it with the plus loan, but you could refinance with a private load that allows it.  I don't recommend it though.  Paying interest only you will never get the loan paid off, and the difference in the payment would not be that much since at the begining, the largest part of your payment is interest.
60179
I would say refinance,(try seeing if your personal bank will take over the note)because it is alot easier, and the car market isn't as soft as it used to be (a soft market means low interest rates due to high production and people buying cars. We are currently in an economic rescession, so things have gotten tougher, or a 'hard market')so your probablility with getting an interest rate that is not much different or worse is higher that what I would want to risk. Also, speak to your personal banker. you may be able (if you have any) to pull some equity out of your car and use it to pay off more on your credit if that is high on your priority list. Good luck.
194648
Yes you can refinance a leased car, but your refinance amount will be the total of your payments left on the lease plus the "residual" (the buyout amount specified in your lease contract) so if you have more than a couple of months left on a lease it usually doesn't make sense to refinance.\n\nGood Luck
689415
You cannot consolidate less than 2 loans - that is what consolidate means - putting together 2 or more loans.\n\nAs for refinancing - restating your terms to a lower interest rate - usually they will not do it for less than $5,000.  Even with the interest rate increases, you should not see much of a difference with your loan amount being so low.  \n\nIf you do not have other higher interest rate items, just work on paying it off faster.  If not, your student loan is probably the least.
657074
Please, you need to hear this...\n\nSTUPID!!!\n\nYou filed for bankruptcy, and it taught you nothing?  You STILL bought things with money you did not have?  Learn from this, I beg you.  Learn what happens when you decide that you have to have something NOW, instead of waiting until you have the money to pay for it.\n\nHere is what I would recommend:\n1) Talk with a Debt Counselor.  This is usually a free service offered by the state.\n2) You may need to declare bankruptcy again, but only as a last resort.  A better option is to find a credit card that offers a high-amount balance transfer with 0% interest for the life of the transfer.  Transfer your highest interest rate to that card.  Then, pay the minimum on that while you pay the max on the next-highest interest card.  That will save you money over time.\n3) Once you find some way to pay off a credit card, cancel it, cut it up, and burn the pieces!  Make sure you do not fall into this pit again.\n4) A house and a car are the only things you should EVER buy that cost more than you have in the bank.  Do not fall victim to the sweet sounds of "buy now, pay later."\n5) Understand that the amount of ~things~ you have does not equal the amount of success you have in life, importance, or friends.\n\n6) Lastly, LEARN from this!  Do NOT take credit card offers that seem too good to be true.  Have one card.  If you approach the limit, you spent too much on it!  Simple.