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Can you buy another car down the road if you have been making payments on a truck you never use and you can't afford the payments anymore if you repo the truck?
Wiki User
∙ 8y ago
YES, you can. It may be harder to get financed (bigger DP and/or higher interest rate) but you can. You WILL have to pay the balance due on the truck so seriously consider SELLING it. You may have to put money with the selling price to get the loan cleared but it will be MUCH cheaper that way.
Wiki User
∙ 8y ago
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What can you do if your car blows up while you are still making payments and you can't afford to make those payments and buy another car?
Depends on what you mean by
Can you buy a new car if you have a lien in your name on another car?
Yes. This happens all the time. If you have a car you're still making payments on (and which will therefore have a lien on it), and you want to buy a new car, as long as your credit is good and you can afford the new payments as well you shouldn't have a problem.
I was turned down for legal aid and lost my case. I can't afford to pay the legal bill sent to me. What should I do?
Ask about making payments on your bill.
Do you have to keep making your car payments when the car isn't running and it's been put in storage?
yes you do unless you dont want it anymore.
What do you do if you can not afford to continue making the car payments on the totaled car while making payments on the new car loan?
Sell the newer car and buy something cheaper. It's a bad idea to default on a loan and screw up your credit. Sounds like you overextended yourself financially!
Do you have to keep making payments for a Tablet that got stolen so you don't have it anymore?
You are responsible for the debt you incurred. It is one of the reasons insurance is a good thing to have.
How does a lease swap for automobiles work?
A lease swap transfers a lease (and vehicle ownership) from one individual to another. The new owner is now responsible for making payments and the original owner relinquishes responsibility. This is essentially a way for an individual to get rid of a car if they can no longer afford payments. However, some companies may charge a fee or penalty for such a swap.
Is an amortization loan worth it?
Amortization is just another name for the monthly payments you will be making. It is not a type of loan.
How can the court order you to help pay for your child's college by raising your child support when you're not making anymore money and cannot afford it?
The only thing you can do is appeal to the court.
Can someone still cosign for you if they are already financing on their own?
That depends on the lender and whether the proposed co-singer can afford both debts. The lender requires a co-signer so they will be responsible for the payments if you stop making them. Therefore, the lender looks at the co-signer as though they were borrowing the money.That depends on the lender and whether the proposed co-singer can afford both debts. The lender requires a co-signer so they will be responsible for the payments if you stop making them. Therefore, the lender looks at the co-signer as though they were borrowing the money.That depends on the lender and whether the proposed co-singer can afford both debts. The lender requires a co-signer so they will be responsible for the payments if you stop making them. Therefore, the lender looks at the co-signer as though they were borrowing the money.That depends on the lender and whether the proposed co-singer can afford both debts. The lender requires a co-signer so they will be responsible for the payments if you stop making them. Therefore, the lender looks at the co-signer as though they were borrowing the money.
How can I consolidate my student loans without going bankrupt?
make the payments a little late, call creditors and tell them your situation, negeotiate the amount that you can afford to pay after adding in your other bills, get an agreement in writing so they cannot go back on their word, and start making payments.
What are sale proceeds?
If you are not behind on your mortgage payments, most likely we will not be able to begin the Short Sale process. We never advise a homeowner to stop making payments. If you are current on your mortgage but are unable to make your payments anymore, contact your lender. This would be a good time to proceed with a Loan Modification. If you do, however, become behind on your mortgage payments, we can assist www. disappearingmortgage . com you at that time.
