I am a single Mom struggling with putting 3 kids through college. Every year I seem to get further in debt. I am currently buying a used car through one of those ‘bad credit’ companies, and am getting raped financially.
In order to pay tuition this fall, I stupidly (I know) let my insurance lapse on this car. The day before I was going to reinstate it, my son got in an accident with it, and it’s not drivable.
My question is, do I continue to make payments and try to scrape together enough money to fix it. Or let it be repossessed and take another hit on my lousy credit?
I’ve already purchased a good used car (for cash). No car payment there. I am desperate to sort this out and have no one to ask.
I make pretty decent money, but live paycheck to paycheck. No frills, no cable, no credit cards, etc. My rent payment is high until my lease is up and I can move.
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.I Have 3 Kids in College and Just Making It Month-To-Month. - Catherine by Steve Rhode