Comments on: My Car Lender Said They Could Refinance My Loan and Then Denied Me. – Manuel http://getoutofdebt.org/8929/my-car-lender-said-they-could-refinance-my-loan-and-then-denied-me-manuel 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. Fri, 25 May 2012 02:12:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Used Transmission http://getoutofdebt.org/8929/my-car-lender-said-they-could-refinance-my-loan-and-then-denied-me-manuel#comment-26659 Used Transmission Wed, 22 Sep 2010 09:14:36 +0000 http://getoutofdebt.org/?p=8929#comment-26659 Great! Thank for information, I'm looking for it for a long time,<br> Great! Thank for information, I’m looking for it for a long time,

]]> By: Auto Refinancing http://getoutofdebt.org/8929/my-car-lender-said-they-could-refinance-my-loan-and-then-denied-me-manuel#comment-21564 Auto Refinancing Tue, 04 May 2010 21:53:57 +0000 http://getoutofdebt.org/?p=8929#comment-21564 Also consider that you may be approved in terms of your credit, but other factors may cause a declined application. Other factors include: - Car make - Car model - Age of vehicle - Mileage - Type of vehicle (E-series vans, motor homes, motorcycles, etc.. not approved) - Title needs to be clean Also consider that you may be approved in terms of your credit, but other factors may cause a declined application.

Other factors include:
- Car make
- Car model
- Age of vehicle
- Mileage
- Type of vehicle (E-series vans, motor homes, motorcycles, etc.. not approved)
- Title needs to be clean

]]> By: Steve Rhode http://getoutofdebt.org/8929/my-car-lender-said-they-could-refinance-my-loan-and-then-denied-me-manuel#comment-21349 Steve Rhode Tue, 27 Apr 2010 16:31:26 +0000 http://getoutofdebt.org/?p=8929#comment-21349 Charissa, Best solution is to work out a mutually acceptable plan with your lender to avoid repossession. If they take the car back they will be going after your mother for the balance due after the car is auctioned. Steve Charissa,

Best solution is to work out a mutually acceptable plan with your lender to avoid repossession. If they take the car back they will be going after your mother for the balance due after the car is auctioned.

Steve

]]> By: Charissa http://getoutofdebt.org/8929/my-car-lender-said-they-could-refinance-my-loan-and-then-denied-me-manuel#comment-21348 Charissa Tue, 27 Apr 2010 16:06:09 +0000 http://getoutofdebt.org/?p=8929#comment-21348 I am a 23 years old, and currently in school which I will be completed with the program on 5/6/2010. I will be getting a job right after that. I am a 23 years old, and currently in school which I will be completed with the program on 5/6/2010. I will be getting a job right after that.

]]> By: Charissa http://getoutofdebt.org/8929/my-car-lender-said-they-could-refinance-my-loan-and-then-denied-me-manuel#comment-21347 Charissa Tue, 27 Apr 2010 16:02:20 +0000 http://getoutofdebt.org/?p=8929#comment-21347 Hi Steve, I have a 2002 Honda Accord that I pay 344.70 a month, I have been unemployed for about a year now and was on Temp disability. I am currently 2 months behind on my car payments because I am not receiving my disability anymore. But not only am i behind on my car payments the transmission is going out on the car and I have only had the car 2 years,and i really cant afford to get it fixed. I still owe about 9,500 on the car. My co-signer (my mother) is employed and helps me on the note but she can only help being that she has her own bills. My car is finance through Wells Fargo bank. What are my options? Hi Steve,
I have a 2002 Honda Accord that I pay 344.70 a month, I have been unemployed for about a year now and was on Temp disability. I am currently 2 months behind on my car payments because I am not receiving my disability anymore. But not only am i behind on my car payments the transmission is going out on the car and I have only had the car 2 years,and i really cant afford to get it fixed. I still owe about 9,500 on the car. My co-signer (my mother) is employed and helps me on the note but she can only help being that she has her own bills. My car is finance through Wells Fargo bank. What are my options?

]]> By: Steve Rhode http://getoutofdebt.org/8929/my-car-lender-said-they-could-refinance-my-loan-and-then-denied-me-manuel#comment-17062 Steve Rhode Tue, 08 Dec 2009 15:22:03 +0000 http://getoutofdebt.org/?p=8929#comment-17062 Melissa, If you had some income coming in other than unemployment benefits I'd suggest a Chapter 13 bankruptcy where the value of the car loan could be reduce and you could keep the car still. In that case just find a local bankruptcy attorney you like and talk to them. But, on unemployment benefits only and with such an outrageous payment the logical bet is the car payments are just unsustainable and will eventually be repossessed. The best way out of this is going to be income. Since you are in a major metro city, go and register with every temporary agency in town and take every job they can place you at. Big hug. Steve Melissa,

If you had some income coming in other than unemployment benefits I’d suggest a Chapter 13 bankruptcy where the value of the car loan could be reduce and you could keep the car still. In that case just find a local bankruptcy attorney you like and talk to them.

But, on unemployment benefits only and with such an outrageous payment the logical bet is the car payments are just unsustainable and will eventually be repossessed.

The best way out of this is going to be income. Since you are in a major metro city, go and register with every temporary agency in town and take every job they can place you at.

Big hug.

Steve

]]> By: Melissa http://getoutofdebt.org/8929/my-car-lender-said-they-could-refinance-my-loan-and-then-denied-me-manuel#comment-17054 Melissa Tue, 08 Dec 2009 04:25:38 +0000 http://getoutofdebt.org/?p=8929#comment-17054 Dear Steve, I currently have a 2005 Honda Accord that I have been paying on for the last 2 years. I now owe $16,200 on it. My payments are $485 a month and I pay 21% interest! I have been unemployed for about 3 months now and am drowning in the payments. What are my options? I can't refinance because I am unemployed right? I NEED a car. I'm a single mom and live in San Diego. If I allow them to pick it up, then I will never be able to get another reliable car. I feel so "stuck" and lost! I'm just trying to stay afloat! :( Dear Steve,

I currently have a 2005 Honda Accord that I have been paying on for the last 2 years. I now owe $16,200 on it. My payments are $485 a month and I pay 21% interest! I have been unemployed for about 3 months now and am drowning in the payments. What are my options? I can’t refinance because I am unemployed right? I NEED a car. I’m a single mom and live in San Diego. If I allow them to pick it up, then I will never be able to get another reliable car. I feel so “stuck” and lost! I’m just trying to stay afloat! :(

]]> By: Car Loan Dude http://getoutofdebt.org/8929/my-car-lender-said-they-could-refinance-my-loan-and-then-denied-me-manuel#comment-16633 Car Loan Dude Sat, 14 Nov 2009 02:33:08 +0000 http://getoutofdebt.org/?p=8929#comment-16633 If you are not able to get financed, then you might need to look into other options. That is a very large monthly payment indeed. Often, companies can accept 90% of a payment to close the books on any given month. While its not a huge help on smaller car payments, it would be quite a savings on your own $636.00 payment. Keeping in mind of course, that this money does not just disappear, it gets tacked on the back-end of the loan and can generate a bigger problem in the long run through interest. You can sell the vehicle. Even though you may still owe some, they might accept a settlement. If you are not able to get financed, then you might need to look into other options. That is a very large monthly payment indeed.

Often, companies can accept 90% of a payment to close the books on any given month. While its not a huge help on smaller car payments, it would be quite a savings on your own $636.00 payment. Keeping in mind of course, that this money does not just disappear, it gets tacked on the back-end of the loan and can generate a bigger problem in the long run through interest.

You can sell the vehicle. Even though you may still owe some, they might accept a settlement.

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