My wife and I have a car title loan in Texas, know terms for these kind of loans very from state to state.
We took out the loan months ago and of course have paid way more than what the car is worth. We recently got a new car because car with title loan was on its last leg.
The monthly payment for this loan is $140 a month but now that we have a new car we are weighing the option of turning the car over to company servicing the loan. That way we don't have that monthly payment.
My question is, given the negative effects of a repo on my credit history, would we be able to over come it down the road?
If any one has had experience with this kind of a situation, I would really appreciate your feedback.
Submitted April 11, 2017 at 03:00AM by amarmolejo95 http://ift.tt/2p25OuF
