So I’m in a pretty tough spot and I just wanted to get some opinions. So my credit is shaky but I’ve had consistent payments on my 2014 Altima that just decided to die. I owe around 4000 on the car and it’s worth about half of that in current condition. Would I be able to cut my losses and just invest in a new vehicle? My only concern is my income:debt ratio will be viewed with my current loan so my rates will be effected. Repairs on the vehicle are quoted around 3000 so I’m not sure which route to go.
I’m considering filing for bankruptcy (22 over 15k in debt) then pursuing a new car maybe? I’m so lost at this point and I don’t want to put myself in a worse position.
Debt breakdown Apartments - 10k (roommate stopped paying and eventually evicted) Car - 4k Misc collections - 3k
Submitted July 17, 2022 at 02:02AM by OrneryTreacle5647 https://ift.tt/bKnDvJy
