Bad Credit Consolidation Loan

Posts Tagged ‘Interest Rate’

cja1975a asked:


We bought a car in September of 2005, and we have a god aweful 22.75% interest rate.
it was a 60 month loan
We currently owe about 7700.00 on the loan

We have sold our house, and im in a position to just pay it off.

Can I haggle down to not pay so much of their interest, or what?

or shoudl i just sock the money aside (we are terrible savers) and auto pay the payments each month, to rebuild our bad credit

Im not sure, but it seems like if i dont just pay it off, im paying them a lot of unnecessary interest

Thanx

bad credit car loan

uscjessie asked:


I have really bad credit – an early lesson learned. It is on the rebound ( I am paying off my collections one by one). I am out of school and have a ton of student loan debt. I wanted to drive my current car longer but it is giving out on me. I can’t get a decent car loan because of my credit. My current car payment is $250 a month and I have no problem paying it with my income. I ran into some major financial trouble 2 years ago and was 60 days late 3 times in a row. Since then, I am out of college, have a good job… etc. Anyway, a relative has offered to co-sign for me. How do the creditors determine what interest rate to charge? And, if I pay my secured credit card bills on time, how long would it be before I could refinance to get the co-signers name off?

bad credit car loan