Hi reddit,
I work two jobs currently and am trying to keep my head cool. I just found out my car, which I've only had for a year and a half, is functionally dead. Motor's shot, and the cost to repair would end up being triple what I paid for the stupid thing.
I am not sure if I qualify for an auto loan. I missed one payment on my student loans right when I got laid off when Covid-19 started getting bad, just before the government stopped collecting loan payments. Tanked my credit score almost 150 points. I'm still in the fair, but because one of my jobs is technically temporary, the other is only part time, and my credit score kind of sucks, I can't find a personal loan with a monthly payment less than 2.5x my car payment.
I've had to downsize immensely over the last few months. Lost my stable job, took another one that didn't pay the bills enough, and now I'm working at a temporary position (granted, one that will exist for a while, since I manage the division). I'm right now surviving the monthly grind with two jobs, but I'm not convinced I would qualify for a reasonable car payment. Especially since my health insurance cost tripled with my new job.
I have no willpower and suck at planning ahead, so I don't really have any savings. My fixed costs per month run between 1400-1500 depending on the month. I'm stuck in my lease until at least next October, so downsizing further isn't really an option. I'll still owe payments on my dead car for the next couple of years at least, $118/month (that deal was a miracle at the time).
I honestly have no idea what to do, where to turn to, or where to go from here. Normally I talk these issues out with my dad, but he just got word his aunt is not going to make it (covid-19). I really don't want to unload on him since he's taking that really hard. So I guess I'm unloading on you.
If anyone has any ideas or resources I haven't thought of, I'm all ears. Thank you in advance.
Submitted December 03, 2020 at 08:34PM by meesterbob https://ift.tt/37rBy3a
