- 1. Dont buy more car than you can afford to PAY for.
- 2. PAY the payments somehow. Give up things you don't need FIRST. There ARE some things you can live without.
- 3. IF you do get behind, FIND work somewhere. Dont miss out on a job just to stay home and play in the Thurday nite ***** (insert your favorite activity)
- 4. STAY in contact with the LENDER. Dont avoid their calls, letters,ect. You are not the first person to get behind and wont be the last. Your family,friends or neighbors will tell them where you are. DONT let a late payment mess up your whole life/lifestyle. DEAL with it. Solve the problem and move on.
- 5. IF you can NOT find the money to pay the payments, get your stuff out of the car and GIVE it to the bank. I have advised folks to try to sell the car themselves, but, when you are hiding from the repoman, that's VERY HARD to do.
ADMIT you are overloaded with debt, give the car back to the lender and find a ride you CAN AFFORD. DONT expect people to let you ride for FREE. The world doesnt work that way, the lenders AINT YO UR MAMA. Good Luck to you.
File for chapter 13 bankrupcy, it will stop the repossession and every other collection agency from calling you.
O' Yea, file brankrupcy, for a car loan, that is a brilliant idea? NOT!!!! Make the payments and the whole problem will go away.