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UHHHH i have debt issues i need some help!? |
I just sold my vehicle and now im using my brothers car to go to work do you think with the money that i have i should pay off all my debt and then finance a car or should i buy a car and keep paying off the minimum payments pay off you dept ASAP!!!!! that is the most important thing, when you go to buy a car they're gonna look at your debt to income ratio and if you have to much debt compaired to what you make, your not gonna get a car, well not one with a decent interest rate. trust me I've been through it, get that debt payed off, life is much easier. Im sure your brother will let you use his car for a while, brothers are like that. Is it a second car of his? maybe you could ask him to sell it to you if thats the case. Im sure he would let you buy it from him making payments, just shooting it past you. but get that debt payed off I can not stress that enough. you don't know for sure how long that your brother will allow you to use his car, buy an inexpensive used car pay cash for that, you will need transportaion in order to go to work to pay for those debits. pay off debts and get a cheap car until you can afford a better one. Hmmm, I think you should pay off your debt first. You don't want to get into bad credit. If you pay the minimum payments, you'll almost never pay off your credit debt. The best way is to pay off a big chunk of debt and save a little bit of money on the side. That way, you can work for a new car and you'll already have a little bit of cash left to start. It will take you 21 yrs to pay off debt paying only the min pmts and you'll wind up paying 5 times the original purchases cost in interest - pay off the credit cards I used this company to eliminate debt, and they were very helpful! http://www.settledebtforever.com They also have a credit repair program built into place, so you can repair your credit score if it gets affected by the program in any way. Hi, |
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