Advice on getting a loan by keeping the car as collateral

chrissy...I'm not sure it's a good thing to take out another loan to pay off debt. Especially one that will put your car at risk if you have a problem occur and can not make the payments. Then you will lose your car and have another issue to deal with. Personally I would opt for making payment arrangements with the Collection agency or go into a debt management program. As a registered guest you can take advantage of the free consult. They may have some more suggestions for you.

I thought about taking a loan out for my debt too. After taking the time to really think about it, I realized that is what got me into this mess in the first place and taking another loan out would just be a band aid. I needed to get my spending under control. Just think long and hard before doing anything. I too would try to set up payments with the collector.