hurricane2180 asked:


I have a car payment that’s over $400 a month because the loan has a high interest. I have bad credit and can hardly afford this monthly payment. Is there any way I can get out of this without having to give up my car because I need a car to get around?

Melanie

tinytots asked:


i’m planning to refinance my car,,, last year,i got my car at 9+% rate which i think was high but i had no choice then coz my credit score was bad, but i tried to rebuild it and right now my credit score 675? do u think i can still get lower that 9+% APR if i refinance it?

Barry

marshall477 asked:


I just closed on my first home at the end of this past December. But since I made this move, my credit card situation has gotten out of control. I have several cards that became maxed out during the moving process, and now cant seem to keep up. I haven’t been late on a house or car payment– But my credit cards are now a couple months behind… And I just emptied the bank account paying utilities- so I still can’t pay them. By the time my next paycheck comes around, I will be paying the house and car again.
My mortgage was an 80/20 split 5/1 ARM. What can I do to get back in control here- I would need about 7,000 to get out of these credit cards and to be honest I could use 3,000 to make some improvements to the house.
Do I need to refinance the whole mortgage? Can I just add 10k to the loan somehow or borrow 10k against the house?
My credit was ok when I bought the house, but now its taken a beating due to these credit cards being maxed and late. Help!

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