Bad Credit Consolidation Loan

Posts Tagged ‘Insurance Car’

[D]-Wreck asked:


I am really getting killed by the transportation arrangement i have set up now. Let me put it this way, i am paying close to 600 dollars a month, including insurance, for a car that is worth less than 10,000. I CAN save up for a down payment or just used car but with my staggering payments it would take me about a year or more to build up a respectable DP. I need to really be saving money right now, i have no savings so if i get canned or laid off i have nothing, plus i have student loans to pay off and with this ball and chain i have no extra cash to do so. So is it possible to get financed for a car with bad credit and a small DP without getting screwed?
In reference to answer #2 I’ll restate this, WITH NO DOWN PAYMENT.

And yes i know it will not be my dream car, i just want a car that doesn’t look, feel, smell or drive like a family of crack addicts have had it.
Thanks for the detail regarding the upside down loan. Actually what i am in is a rent to own program, so i can leave the the car anytime i want for another car for only a 250.00 program cancellation fee. The reason i am in a rent to own is because my credit is not good enough to let me lease a car so i am stuck with a 2003 KIA Rio for almost 600 a month….for 36 months should i choose to follow through, i don’t i only need it for the short term.

bad credit car loan

rn6807 asked:


My ex-husband left me with huge debt, so I filed bankruptcy about 4 years ago. I am 50ish and went back to school for RN degree. Almost there but financially I’m in bad straights. No credit cards; only debt is rent, car, insurance (car/health) and my half of household expenses. Live with my cousin, who had been carrying me until she was hurt in car accident and unable to work for about a year – she’s borrowed from family and credit wrecked thanks to dispute with insurance company. It is a long, long story. Anyway, I will be making excellent money after graduating in June, so after a year I would be able to get a loan through a bank/credit union and pay off debt. In the meantime, I would gladly pay someone 7% on the monies, which is more than you could make in CD, etc. We are to the point of losing the home, and anything I can do to ease this burden and get my degree would be a miracle. Any help out there?

bad credit car loan