Vashtorian
First Time Poster
Cash: $ 0.25
Posts: 1
Joined: 24 Feb 2011
Location: Virginia
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| help with my car loan |
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i have a car that i've had for 2 years, i had horrible credit when i got it (a score of around 515) and have a 20.4% interest rate. I have been trying to get it refinanced but i still owe more than it's worth and my credit still isn't great, better though (605). I am wondering if i should pay more a month to principal to get rightside up on the loan or not. I tried to get a rate adjustment with my lender but they don't do that, they say. I went to my credit union to see about refinancing but they said since i owe more than my car is worth (i owe roughly 13,800 and the car is worth roughly 11,000) and my credit isn't great i wouuldn't get a refinanced loan through them. I am thinking of maybe trading in my car at some point, should i get rightside up before i do that by paying more a month which will go to principal? Should i try to refinance with someone else now? Thanks in advance
i guess this is my signature
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Thu Feb 24, 2011 5:51 am |
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coaster
Senior Advisor
Cash: $ 1357.80
Posts: 6686
Joined: 11 Oct 2005
Location: Wisconsin
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At that nearly-criminal interest rate, I think you need to get that sucker paid off ASAP, regardless of the car. Take that out of the equation. You just need to get out of that loan, and not being able to refinance the only other option is paying it off as fast as possible.
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Thu Feb 24, 2011 7:37 am |
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long island windows
First Time Poster
Cash: $ 0.20
Posts: 1
Joined: 25 Feb 2011
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| credit |
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I am trying to get a credit loan and I have bad credit with a 4 collections on me and is trying to have this removed with a credit score of 521. Does anyone know where can I go or begin to get this loan.
No fake signatures - thanks
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Fri Feb 25, 2011 4:47 am |
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