Hi, I am currently out of work and my wife will start a travel position October 5th. We are behind on our car and truck payments 1 month. We just modified our home and got our payment lowered for 5 years. We will be able to catch up on our payments within 2 months, but I’m afraid we are going to lose our vehicles before then. We have already gotten a deferment on my truck and van, so that won’t work. don’t really know what to do. Just don’t want to lose our vehicles, what do you suggest.
I had the following questions that I’d like for you to answer before I can answer your question. Please post your answers in the comments section of your question. I’m looking forward to helping you for free.
- How many vehicles do you have? Van, truck, car?
- What are the monthly payments for each?
- How much can you afford to pay in total towards vehicle payments each month currently?
- Which vehicles do you absolutely need?
If any reader wants to offer advice in the comments section please feel free to participate.