urgent help needed please!!!
Date: Fri, 03/05/2010 - 18:57
I can really use some guidance right away!! Here's my situation.
Approx. four days ago, my vehicle was reposed. I was told by the people who took it that I had 15 days to work out an arraignment. If this is true, I am trying to do the right thing for myself, now and for my future.
I was approx. three months behind on my car payments due to severe health problems of depression which I am still experiencing. I am concerned that if I am able to come up with the money that potentially I will fall behind again. It is possible that within a month or two I can also be well and begin to work and get back on my feet financially.
There are still about three and a half years on the loan at a huge payment (at least huge for me) of 450. dollars a month so it appears I would be stuck with this loan for a long time to come.
The loan is upside down in that the loan is for 16,000 dollars but the car is only worth 8,000 tops.
I had filed bankruptcy four years ago and have had a repossessed vehicle in my debt history.
I am concerned that I am demolishing my future by allowing this repossession to occur.
Can you please help and tell me what are realistic options to handle this as successfully as possible. I want to roll up my sleeves and tackle this problem. However, I need the wisdom form experienced people to guide me. Please tell me what to do!!??
Approx. four days ago, my vehicle was reposed. I was told by the people who took it that I had 15 days to work out an arraignment. If this is true, I am trying to do the right thing for myself, now and for my future.
I was approx. three months behind on my car payments due to severe health problems of depression which I am still experiencing. I am concerned that if I am able to come up with the money that potentially I will fall behind again. It is possible that within a month or two I can also be well and begin to work and get back on my feet financially.
There are still about three and a half years on the loan at a huge payment (at least huge for me) of 450. dollars a month so it appears I would be stuck with this loan for a long time to come.
The loan is upside down in that the loan is for 16,000 dollars but the car is only worth 8,000 tops.
I had filed bankruptcy four years ago and have had a repossessed vehicle in my debt history.
I am concerned that I am demolishing my future by allowing this repossession to occur.
Can you please help and tell me what are realistic options to handle this as successfully as possible. I want to roll up my sleeves and tackle this problem. However, I need the wisdom form experienced people to guide me. Please tell me what to do!!??
i hope your situation gets better i really dont have any advice
i hope your situation gets better i really dont have any advice sorry just wanted to respond, did you have any disability on your loan?, check into that if you do it should make the payments for you, while you are not well. i hope you fell better soon
