I have a one yr old 2005 car that my husband and I qualified for 1% financing. At the time, buying the car was a good idea, but now we are making $350 car payments and I have left my full time job to work part time, and my salary has decreased over $15,000. I am afraid to trade my car in for a cheaper one because we own $4000 more than blue book.
Does any one have any ideas or have heard any ads for cars that spealize in “paying what you owe” for a trade in? What can I do to reduce my car payments?
Sorry to impose upon this conversation, but what you are talking about applies to my current situation.I am in the process of purchasing a home despite the fact that my current financial situation isn’t the most ideal.
My dilemma now in the process is that the high property taxes have thrown my income to debt ration out of the required guidelines for the loan.How do I report that I will be having a roommate who will be paying half the mortgage as well as parents and family members that will assist in paying of my bills.What is there that can be done to show that the money will be there to pay the mortgage?
I don’t know what I would have for a payment history because there isn’t a 2nd income and I don’t have any saved. But I do have a VA loan I can get. I have my car payment but it’s not reported to the credit bureau and nothing else is reported to the credit bureau. What else is there? Just curious.