Consumer Credit Counseling Organizations
Assistance to car loans?
Well, two years ago naively bought a car from a friend who not, who could not pay, then have two cars in my name. Someone attention to this issue, but I think trying something, because my parents have offered their old car for me. If I had to sell the two cars, I know I'll have stock left in the car loan, but at least it will be lower than now. Is it possible to either a) negotiate with financial companies to obtain lower monthly payments, or b) enter into a "debt consolidation" plan of these "small" loans? I had the loan cars were secured term loans, so that organizations like Consumer Credit Counseling would not be able to help them. In another similar theme, there is no financial assistance available to people in such situations?
You do not have to repay loans from the proceeds of the selling cars is not preserved. If you do not have enough equity to be making money from others. If you find a car for free, you can get a car loan this and use it to pay other loans.
Consumer Credit Counseling Service PSA 1
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