Debt management businesses opinions.

[buddy92]

Originally Posted by Auslandau

I am going to be blunt again .............

Go and see someone from your bank or a financial advicer ASAP.

You are not in the poop yet but with that car debt being so high .... payments will not keep up with depreciation which means you are going to owe WAY more than what it is worth and with in 12 months or so, if you are struggling with some phone bills now, you may find yourself in a worse position. The loan is too long and payments too low for such a depreciating asset. You get yourself in strife in 6 months and the sale will not cover the loan which is not a good place to be.

You say $45 is not much ..... it may not be ...... but it is not enough to keep up with what it is worth. That alone can cause issues.

But if I sell my car, I'm still going to have debt's, with an extra $45 and no car...