car loan remainder
Date: Thu, 05/11/2006 - 22:42
if I sell my car and have remaining loan amount, is there a way to get a new loan for the remaining debt? in my case sell for $17000, subtract from current loan of $24000, not including another used car subtracted from $17000 sale or other loan.
Gino,Your credit will determine if you are eligible for a ne
Gino,
Your credit will determine if you are eligible for a new loan. You can put a proposal to your bank and see if they can work with you. If you have a decent credit score, pay off some of your small debts first. This will raise your credit scores and put you in a comfortable place before your lenders. Remember, they will be analyzing your past payment history and the number of accounts used. So, you will have to keep this portion intact.
You can get reference about some companies according to the area listed in the ranking chart. Hopefully, they might be able to work in your situation. You can register in this site for a free counseling.
