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    15diva's Avatar
    15diva Posts: 1, Reputation: 1
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    #1

    Oct 13, 2009, 11:22 AM
    Job loss need to lower my car payments
    What can I do to lower my car payments.My payment are to high and I might loss my job so I don't know what to do.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Oct 13, 2009, 12:14 PM

    Attempt to refinance. If that fails is it possible to sell the car and purchase something less expensive?

    Or simply turn the car back in - realizing you will undoubtedly owe something after it is sold.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #3

    Oct 30, 2009, 12:09 PM
    Quote Originally Posted by couponchaser View Post
    Get Hired Today

    This is not allowed on AMHD - it's advertising and spam.
    Purdue2010's Avatar
    Purdue2010 Posts: 28, Reputation: 2
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    #4

    Nov 18, 2009, 12:29 AM

    Call your car company and be honest with them. Tell them your situation and in the wake of the whole economic meltdown a lot of creditors are becoming very understanding. Sometimes you can get your payments deferred for a bit or they may work with you in some other arrangement.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #5

    Nov 18, 2009, 08:52 AM
    Quote Originally Posted by Purdue2010 View Post
    Call your car company and be honest with them. Tell them your situation and in the wake of the whole economic meltdown a lot of creditors are becoming very understanding. Sometimes you can get your payments deferred for a bit or they may work with you in some other arrangement.

    It would appear that a bank or finance company is involved in this - the car company/dealer has long been out of the picture.
    Purdue2010's Avatar
    Purdue2010 Posts: 28, Reputation: 2
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    #6

    Nov 18, 2009, 10:12 AM
    Quote Originally Posted by JudyKayTee View Post
    It would appear that a bank or finance company is involved in this - the car company/dealer has long been out of the picture.
    When I say car company I mean it to be synonymous with the bank or the finance company. We usually say car company in these parts for that, and dealer for the dealership. My apologies I should have clarified.
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