I live in Canada and thanks to the supreme court my industry (oil and gas.) may see cuts especially cuts to investment. I'm a scaffolder, I've been in the industry for nearly 7 years and was dumb enough to get into a vehicle loan of $72,000 that's $1100/month in payments for 6 years. Now I'm at the 3rd year in and I don't have much for RSP's since I've had to reach into them to pay bills, 2 maxed out credit cards and a maxed line of credit. I'm in a pickle when I get laid off so I've got a few options to cut costs. 1. Move in with friends/family 2. Refinancing my truck 3. Trade in my truck for hopes of lowering my payments. 4. Throw my keys at the bank.
The first 2 are my top choices but does refinancing your vehicle payments work?
Submitted September 05, 2018 at 08:45PM by Herren117 https://ift.tt/2CoVqIc
