I’m Having a Tough Time Affording My Kia Sportage Payments. – Theresa


“Dear Steve,

I Bought a car last year a 2005 kia Sportatge for originally I think it was 11 thousand but the car dealership I bought it from was a ford company and they really socked it to me my payments are 211 every 2 weeks for 72 months which made it sound manageable But I still owe 16 thousand dollars on it. The payments are killing me Is there a way to get out of the debt with out hurting my credit.

Thank you for any advice you can give me.

Is there a way to get out of the debt with out hurting my credit


Dear Theresa,

If you are making a $211 payment every two weeks you’ll actually end up making 26 payments in a year rather than 24, which would be two payments a month. This means that your monthly payment averages out to $457 a month.

The purchase price of $11,000 does not sound way out of line but $457 worth of monthly payments for 72 months means you’ll pay back about $33,000.

Something here just doesn’t add up. The interest rate they must be charging you is huge. I’d really appreciate it if you could upload your loan documents for the to see the financing deal. If you can scan them in you can upload them to me here.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

Steve Rhode
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