Tag Archives: auto loan
- I Co-Signed for My Daughter’s Car That Was Repoed. But the Lender Won’t Accept a Settlement. – Carmen
“Dear Steve, I co-signed for my daughters car loan. She lost her employment at almost the same time I lost mine. The company called me a I returned the car back to them. After that I called to settle the account and they ignore all the letters, faxes and telephone calls. They want to settle [...]
- Dave is in a CCCS Credit Counseling Program But Feeling Hopeless
“Dear Steve, Family of 4 (13 yr & 12 yr girls). My salary = $112K, wive’s salary = $40K. Total Assets $292K (liquid $10K, autos $9, house $200, 401K $73K). Total Liabilities $204K (mortgage $112, home equity loan $41K, credit cards $24K, 401K loans $22K, auto loan $5K). Net worth = $88K. . .plummeted 35% [...]
- Two Months Late on Car Payment But Want to Avoid Repo. – Linda
“Dear Steve, I am two months late on my car payment, and I can’t afford to pay it. I have done refinanced the car last year so they won’t be able to do it again. I just deferred two payments back about 3 months ago, so trying to defer a payment is out of the [...]
- If I File for Bankruptcy How Can I Go About Getting a Used Car? – Miss M
“Dear Steve, If I file for bankruptcy, how can I go about getting a used car? That is, if bankruptcy can clear the debt I owe with my current car note. Am I able to refinance or get approved for another loan if I’m looking to trade-in my car with a negative turn-over balance? I [...]
- Lower Your Car Payment. Skip It, Lower Your Interest Rate and Get Cash Back
Here is a little financial tip that I’ve used in the past but I keep forgetting about. Refinancing an existing auto loan to lower interest rates and monthly payments. I just got an email that a client was instantly approved for an auto loan refi and that’s good news. You see when this particular person [...]
- Indiana, Michigan, and Kentucky – Worst Places for Auto Loans in 2010
TransUnion released its annual auto loan forecast today indicating national auto loan delinquencies (the ratio of borrowers 60 or more days past due) will increase approximately 7 percent at the end of 2010 to 0.92 percent from an expected 0.86 percent at the conclusion of 2009. Only one state – California – is expected to [...]
- Can I Get My Bank to Reduce My Car Loan Interest Rate? – JT
JT “Dear Steve, At this moment, I am paying high interest on my car loan? Do you think I can get the bank to reduce the interest even if my credit score is bad? JT” The Answer: Dear JT, No. The best way to get them to lower the rate is to improve your [...]
- I Can’t Get a Car Loan Because of a Past Bankruptcy – April
“Dear Steve, My husand over 10 years ago got appendicitis with no insurance. The hospital wasn’t happy with the small payments hubby was making, so they hired a law firm. The lawyer for the hospital wanted him to start paying $170 a week when he was only making like $260 a week in a factory. [...]
- James Wants to Know If Capital One Will Take His Car If He Stops Paying His Credit Card
“Dear Steve, I can not pay my credit cards,because of sickness. I have a auto loan with Capital One and a credit card with them as well. If I just pay only my auto loan on time each month and stop paying on the credit card, can they touch my car because I pay one [...]
- Dayna Can’t Afford to Keep Her Car Or Get Rid Of Her Car, Even By Repossession
Dayna “Dear Steve, I have an upside down auto loan that I owe about $27,000 on a Mazda car and my monthly payments are $500 per month for 7 years with about 12.45 percentage interest rate. I am unable to refinance my auto loan because my credit is not that good and I owe too [...]
- A 12-Step Plan to Get Out of Debt Fast!
Debt is a major problem for a lot of people these days. The problem is, even if they know they want to get out of it, they have a hard time figuring out how to start. If you fit this description, this 12-Step program spells it out for you. Now, there isn’t one way to [...]