Car loan & financial troubles? - what is an apr on a car after filing bankruptcy
I financed a car for 3 years and since that time I had bad credit so the car salesman has told my mother the car in your name, the lower the APR, which I think was preserved in 8%. I was told that each make the following payments on time for a year and should pose no problem to modify the loan to my name. Thus, one years later, after I while I cried all my payments are financed Credit Union that the car and wanted to change my application to the loan in my name because my credit score is not high enough. So at this point, the car is still the name of my mother, and because of financial problems, my credit score probably the same place he was at the time, or worse. My mother wants the car from its name and hit me, who can barely afford to drive anymore. I have decided recently to file for bankruptcy because I had many medical expenses and utilities outrageous that I can not have. I would register the car in my name, and then bankruptcy. more ...
Sunday, February 7, 2010
What Is An Apr On A Car After Filing Bankruptcy Car Loan & Financial Troubles?
3 comments:
If you really go bankrupt one Lawer maintained. It would be a good question for him. I tell you what I do, if you paid for the car for a year is likely to build a capital. If you default on the loan to equity in bulk. Equity is the amount that the car is worth less than you owe the bank. You must sell the car, and save your mother. One thing to consider, your mother or CoSign is your name?
If you can not afford the payments, you can try to pay with for a period of about 5 years. If you were able to put the car in his name, then the bankruptcy filing will liqudate its assets to repay its debts. which means that the car loses anyway. People should call their doctor bills and work with a payment plan that they prefer a small amount each month to pay do not pay at all. You really do not want to file for bankruptcy. Exaust all options prior to submission. In short, sell the car, work on payment plans, most statesDebt consolidation consultants Sponserd. If you decide to keep costs at least 1000 to a Lawer in the proceedings file and is always in front because it is a credit risk.
The response of the fault of the car really depends on how much you owe on the car compared to the amount you get if you sold the car.
If you sell the car and still owed money for the loan, you need to compensate for a personal loan for the difference. If your credit score is low, you should receive a personal loan from a relative or friend.
The car for sale and the loan repaid by all means. Do everything you can to keep the car in order to get listed. If the car back or refer to them in bankruptcy with his mother as a co-signatory, his mother was able to pay more, and ruin your credit.
Even if you find a way to change the car's name, the bankruptcy, as you will delete all your debts. With the change in the rules, simply means that you provide for smaller payments and remain responsible for the debt. Costs for medical care if you send $ 5 per month I can say nothing, and identified some useful work, and careful with public services. The car and the loan is in his name and now she is responsible and affect who your credit card. See if you can sell the car, at least what you owe on can help them. To KBB.com and see what it's worth
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