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Bad Credit Car Loan?

Discussion in 'BBS Hangout' started by booyah, Jul 29, 2011.

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  1. booyah

    booyah Member

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    Thanks:)
     
    #21 booyah, Jul 29, 2011
  2. booyah

    booyah Member

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    No NO..Im not looking to default any more payments..especially a car payment. My lawyer advised me to get one going before filing thats all. Its gonna be alot hard getting one aferwards.
     
    #22 booyah, Jul 29, 2011
  3. booyah

    booyah Member

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    I didnt say I cant afford to pay rent and is living on the streets. Im SAying Im having a hard time keeping up. obtw, the 3k is the savings from my income tax returns.

    Either way, Im done with you and your negativity.
     
    #23 booyah, Jul 29, 2011
  4. greenhippos

    greenhippos Member

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    Why are you saving money if you can't pay your bills?
     
    #24 greenhippos, Jul 29, 2011
  5. booyah

    booyah Member

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    Because my car is about to die on me anytime now. A person needs transportation to get to work. Some bills have a higher priority like rent and what not.
     
    #25 booyah, Jul 29, 2011
  6. greenhippos

    greenhippos Member

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    I understand that, if you can, you need to wait until the end of the year to get the best deal. I don't know how long BR filings take.
     
    #26 greenhippos, Jul 29, 2011
  7. K LoLo

    K LoLo Member

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    My first car cost $1200. I still have it. It has been rolling for nearly 9 years.

    I'd recommend buying a car from a little old lady (thats what I did) and then you have a reliable car and a little extra money for whatever else you need.
     
    #27 K LoLo, Jul 29, 2011
  8. booyah

    booyah Member

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    I dont think my car is gonna hold up that long lol..
     
    #28 booyah, Jul 30, 2011
  9. booyah

    booyah Member

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    Yea I need to get something thats really in good condition. I do alot of driving for work. This past 12 months Ive racked up about 26k miles on my car..
     
    #29 booyah, Jul 30, 2011
  10. macalu

    macalu Contributing Member

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    ok, you're having a hard time keeping up. how is adding a $500/month car payment going to alleviate your problem?

    sincerely, don't buy a new car or one that is only a few years old. you can find reliable ten year old cars for a fraction of what it would cost you to finance.
     
    #30 macalu, Jul 30, 2011
  11. greenhippos

    greenhippos Member

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    You live like an hour away from your job? Have you thought about moving earlier?
     
    #31 greenhippos, Jul 30, 2011
  12. mugrakers

    mugrakers Member

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    how about you change your life now and start buying only things you can afford right now. You need to break this circle of debt. You have already proven to yourself that you cannot keep up with your debts. Just don't go into another one.

    Just man up and get a car in your price range (3k).
     
    #32 mugrakers, Jul 30, 2011
  13. greenhippos

    greenhippos Member

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    fixed
     
    #33 greenhippos, Jul 30, 2011
  14. booyah

    booyah Member

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    The thing is my job requires me to travel from site to site. I'm an Area Supervisor for an after school program. Im in charge of 10 different schools that I have to travel and monitor on a daily basis. I live like 15 miles from our office, but I often travel around Orange County here in California. Doesn't matter how close I live to work, travel and putting up alot of miles is the job description....
     
    #34 booyah, Jul 30, 2011
  15. greenhippos

    greenhippos Member

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    There's no company car or fuel reimbursement? I'd think in southern Cal being in charge of almost a dozen different locations they'd compensate you with a car if paying you less than 50k. But on the plus side you still pull in more than me.
     
    #35 greenhippos, Jul 30, 2011
  16. booyah

    booyah Member

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    Yes we get reimbursement. I work a non-profit orginization so we dont get that much back, 44 cents per very mile we travel.
     
    #36 booyah, Jul 30, 2011
  17. what

    what Member

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    You don't need advice, you need to stop borrowing money with no intention of paying it back.

    You think that you are going to be able to start over and swipe your bills clean. When in reality you are going to pay that money 10 times over in higher interest rates.

    Boy oh boy. You are really something.
     
    #37 what, Jul 30, 2011
  18. wizkid83

    wizkid83 Contributing Member

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    I thought your student loans are protected by against Bankruptcy. Am I wrong here?
     
    #38 wizkid83, Jul 30, 2011
  19. bobrek

    bobrek Politics belong in the D & D

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    What is your credit score? Why are you declaring bankruptcy? Have you spoken with the credit card companies about lowering your interest rate, removing fees and setting up a payment plan? That bankruptcy will haunt your credit for years. Sucking it up and paying off debts tends to work out better for folks in the long run.
     
    #39 bobrek, Jul 30, 2011
  20. bobrek

    bobrek Politics belong in the D & D

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    The IRS limit is higher than that. When you filed your tax return did you account for the difference? If not, file an amended return and claim the excess. I believe the 2010 amount was around 50 cents.
     
    #40 bobrek, Jul 30, 2011
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