I am a couple of months behind on my car loan. I have tried to renegoiate this loan several times before I got in trouble. The only thing they will do is defer the payments to the back of the loan. I know if I can get a lower payment I can catch up.
Instant Person-Just add coffee.
Be careful. In my state, they will repossess your car after 90 days of non-payments. They will then sell it, probably for much less than you can, and you will end up owing the repossessers the difference.
Got an answer for Bad Loan? Would you like to comment on the posted answers, or vote for the one which you think is the best?
Sign up for a free account, or sign in (if you're already a member).
Other people asked questions on similar topics, check out the answers they received:
