http://getoutofdebt.org/4352/dayna-cant-afford-to-keep-her-car-or-get-rid-of-her-car-even-by-repossession Free debt help and debt advice on how to get out of debt, getting out of debt consolidation scams, and inside information on the debt relief and debt help industry. Mon, 13 Feb 2012 01:25:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://getoutofdebt.org/4352/dayna-cant-afford-to-keep-her-car-or-get-rid-of-her-car-even-by-repossession#comment-1264 Steve Rhode Thu, 04 Dec 2008 13:13:13 +0000 http://getoutofdebt.org/?p=4352#comment-1264 Missy M, That would be a wonderful solution. Missy M, That would be a wonderful solution.

]]> http://getoutofdebt.org/4352/dayna-cant-afford-to-keep-her-car-or-get-rid-of-her-car-even-by-repossession#comment-1258 missy M Wed, 03 Dec 2008 04:12:38 +0000 http://getoutofdebt.org/?p=4352#comment-1258 If it where possible loaning companies should transfer loans to the local area of the debtor. A financial holder or a nonprofit agency who will manage the loans will make arrangement to paid back the loan at the amount they can maintain until their job situation or their financial situation has improved. Then the debtor can resume the payments at the loan payment amount. They should be given a time frame to accomplish this task. It would not only help the car dealerships or financial institutions but put money back into the economy. Saved auction cost and loss of loan default. If it where possible loaning companies should transfer loans to the local area of the debtor. A financial holder or a nonprofit agency who will manage the loans will make arrangement to paid back the loan at the amount they can maintain until their job situation or their financial situation has improved. Then the debtor can resume the payments at the loan payment amount. They should be given a time frame to accomplish this task. It would not only help the car dealerships or financial institutions but put money back into the economy. Saved auction cost and loss of loan default.

]]> http://getoutofdebt.org/4352/dayna-cant-afford-to-keep-her-car-or-get-rid-of-her-car-even-by-repossession#comment-974 Rob Sun, 16 Nov 2008 12:23:27 +0000 http://getoutofdebt.org/?p=4352#comment-974 I would suggest to Dayna that if she can borrow money off of her 401k, then sell the car and borrow enough money to pay off the difference. 401k loans give reasonable interest rates and you pay yourself back. Also, it won't show up on your credit report. The bad side is that if you lose your job you have a tax problem. That is why she should sell it and just borrow enough to pay off the car loan rather than borrowing the whole 27000. I would suggest to Dayna that if she can borrow money off of her 401k, then sell the car and borrow enough money to pay off the difference. 401k loans give reasonable interest rates and you pay yourself back. Also, it won’t show up on your credit report. The bad side is that if you lose your job you have a tax problem. That is why she should sell it and just borrow enough to pay off the car loan rather than borrowing the whole 27000.

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