Comments on: Technique of Bankruptcy and Refinance Loan for Your Easily Car Buying Procedure

By: jymde

jymde — Wed, 26 Aug 2009 09:27:04 +0000

By: bobrob m

bobrob m — Tue, 25 Aug 2009 04:57:07 +0000

Hey Guys

Debt is a horrible thing, we all try not to get into it but sometimes lifes circumstances and choices wind us up in a pile of debt. Personally, there is a wealth of knowledge available, and with a little thinking and planning, you can systematically get rid of all your debt. I used to be in big debt, a few hundred thousand, however from about the past year or so I have been living debt free. Im not promoting anything here, I just want everyone to know that its possible. I write about my experiences in regards to Debt Consolidation, Car Loans, Credit Cards, Student Loans on my blog at http://credit-and-loans.blogspot.com/ so stop by if you get a chance and leave some comments.

http://credit-and-loans.blogspot.com/

By: bobrob m

bobrob m — Mon, 24 Aug 2009 13:11:48 +0000

Sorry – you're out of luck. There's no way the bank is going to let you out of the loan – it made the loan in the first place on the basis of your good credit. Just hope they keep making the payments. If they stop, you can try to take them to small claims court to reimburse you for payments that you will have to make on the loan.

This is why it is always a bad idea to co-sign loans for people with bad credit – there's a reason why people end up with bad credit, and you don't want to get pulled down with them.

By: xratedmami05

xratedmami05 — Mon, 24 Aug 2009 11:08:05 +0000

If you think that you are paying a higher repayment amount for your existing car loan

http://badcredits.awardspace.com/refinance-car-loan-bad-credit.htm

If you think your lender is charging a higher interest rate on your car loans then you can look at the refinance car loans option. With the help of a refinance car loan, you can avail multiple benefits. Firstly, you may reduce–>your monthly costs. Secondly, you may avail a competitive interest rate. Thirdly, you could be getting a flexible repayment period. Overall, you will be managing your loan a lot better.

By: Sung A

Sung A — Sun, 23 Aug 2009 19:00:02 +0000

It sounds like you signed up for a 5 year balloon mortgage which means you need to refinance or come up with 400K to payoff the loan.
I have never seen anyone use anything other than a 1003 for a mortgage application.
If the loan documents that were signed at closing by your father were different from what you agreed to you may have a grievance to file with your local state attorney generals office. Just because you were not there to sign does not excuse the broker from pulling a switch on loan programs.

By: Sify Finance

Sify Finance — Sun, 23 Aug 2009 10:01:24 +0000

n this economy, people with good credit can barely get a loan. People with bad credit are SOL. It's people with bad credit which banks gave out loans that they knew might not get paid back, which got us into this mess.
Wait till the credit market thaws, then try.

By: paulher94

paulher94 — Sun, 23 Aug 2009 06:17:18 +0000

By: bradleighp

bradleighp — Sun, 23 Aug 2009 05:14:56 +0000

You should be able to refinance without paying any fees to the dealership or the bank that currently holds your note.

You will make up the fees for application and title transfer in less than a year, so definitely refinance to get the lower rate.

However, the $75 application fee sounds really steep. If you can find a credit union, they probably won't charge you an application fee, and their interest rates might be lower than 6.4%.