Can you give me some advice?

Answers:3   |   LastUpdateAt:2012-10-26 16:19:46  

Question
Samamantha
Asked at 2012-08-11 09:34:03
i owe 17,000 in my car. I have been paying for 2 years and I have yet another 4 years of my loan. my car payments are almost 500 a month. My husband and I work and have a 3 year old son to support. I recently looked back in my car and can not afford to take a backup and tried to get refinanced but was not approved . in the worst case senario that the company comes and taxation of repos is my car. I know it looks terrible on my credit report. But I heard that you can garnish your wages so high an amount oweing . to a couple of hundred dollars a paycheck. I'd like to get out from under this car. i owe more money than it's worth . I was young and foolish , when I signed the contract. Now I do not know what to do.
Answer1MilkiAnswered at 2012-09-01 07:51:04
Ow . The bad news is that , legally , they can take up to 50 % of their salary if they have a garnishment order . The worst news ? If you live in a community property state , or is in the note too , but can also hit her husband's salary . MedlinePlus MedlinePlus The worst news ? They can come take the car and decorate your checks STILL ! After all , you owe more than it's worth ... MedlinePlus MedlinePlus Personally ? I sat with my husband and reassess lifestyle : Do you really need $ 120 worth of 800 channels worth watching nothings on each month ? Do we really need to go to fourbucks twice daily for skinny soy latte ? What's to eat? I brown bag , got tired of eating and clowns greaseburgers rich . MedlinePlus MedlinePlus Or, you could find some poor fool to take over the note. MedlinePlus MedlinePlus No, to be honest , I would give the keys to the company that owns the note and say "I am a turnip that has just been fired . Seek blood . Hopes that this helps the bottom line." But , I do not give a damn about my credit. Doing so would credit , instead of paying cash .
Answer2toryAnswered at 2012-10-13 00:49:47
Well, you could take the money out of your retirement fund if you have one you can also try to get a loan . But if your paying $ 500 a month which seems excessive my mom has a mercedes and somthing is just 400 a month. So here I hiope to get your problem solved , but you should consider getting a different car the next time a toyota just got my first car toyota corolla like and has a V6 engine 8 gallons and gets about 32 miles per gallon that could help save as . Well, I think what I said does not help with your problem . MedlinePlus MedlinePlus Good luck and get a second job if need be to work to pay for this car and it is a lesson for you in the future.
Answer3Heather C amendment to questionAnswered at 2012-10-26 16:18:37
Well, technically it's still your car , so maybe before reaching far from trying to put it on sale , but it sold only what is left on the loan balance you will be able to pay and not have to worry about that goes bad on your credit , so does the way in there who wants to buy takes over the payments I've heard of it being done that way before , but you should look more into it .
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