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You have credit card debt from 2 bank almost 50000 i paid 200 every month to settle this debt can you still make a car loan?
My friend,
You need to give yourself a wake up call.
I am not trying to be rude, but trying to help you.
You are already in 50000 debt that's only your CC debt. Maybe you have mortgage, other debt... maybe And you want to add a car loan now.
Please avoid it if it is not extremely important.
Please check this calculation to realize the reality.
Let us assume you have an average APR of 12%
It will take you 488 months to pay off your debt 50000. And you would end up paying $97600!!!
Double than what you actually owed. Rest it depends on you.
Your credit scores will decide if you qualify for the car loan or not.
Thanks!
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