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!
If you weren't making your payments yes. It would only be repossessed if you weren't making your payments.
Not as long as you continue to make payments on it.
Depends on what you mean by
You figure out a way to continue making the payments.
If you payed for your car, and are the rightful owner, you make payments until until you've payed off for the car. However, by law your required to have insurance, so that should cover some of the cost. If you are leasing, you must pay the price of the car to buy a new one, same model, same year, same custom parts.
If you continue making the regular mortgage payments, including the escrow amounts, you are reaffirming the debt. It would be better to formally file a reaffirmation agreement that is approved by the court.
Ask about making payments on your bill.
You would continue making payments to the estate. Eventually, they will give you instructions on what must be done as far as finding another mortgage company or person to get a loan from.
Yes, you would be able to do this as long as you contated the people and explained the circumstances.
pay off the debt you owe on the car, and if they trust you enough the company you are making the payments to for the car will continue to give you the car
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.
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.