I don't think so. Is your car collateral for the card? If it is they may be able to do that, but I am not sure.
For a better chance at getting the vehicle loan, increase your credit after the vehicle loan. Increasing your credit before may reduce the your vehicle loan amount.
$ 60000
You absolutely can trade in your vehicle even if you are behind on your payments. When you trade a vehicle in the dealership you are purchasing from pays off your previous loan in full, so being behind on your payments will not affect anything other than the total amount due on your car. Of course when the new dealership runs your credit report it will probably reflect that you are currently behind and will also show how many months you are behind.
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
No. Vehicle can be resold, you still take the hit on your credit.
Yes.Yes.Yes.Yes.
A bank balance is the amount by which a current account is in credit or deficit.
First subtract the amount owed on the vehicle from the value of the car. Sell the car for this amount, then have the buyer take over the loan. This involves paperwork with your current Dealership, DMV, and of course a bank or credit union.
Paying the minimum amount due on credit card is not necessarily a sign of credit trouble because it actually makes the credit card account current.
It depends on the amount and it's affect on your credit rating. Why are you behind? see links
Credit. As both current and non current liabilities are Credit accounts