kingsfan4evr24 asked:
im currently 19 years old and am employed by target. I bring home about 1200 a month. Last year i bought my first car and since i had no credit i got stuck paying a obscene interest rate. 17% , im 14 months threw the 60 month loan and am ready to refinace. I have a decent credit score at 675 for a 19 yr old. Problem is i owe about 9800 principal left on the car. I put alot of miles on it and the car is no longer worth the amount that i owe. Car is prabably worth 7500. Would amy bank refinance me given that i owe more than its worth?
im currently 19 years old and am employed by target. I bring home about 1200 a month. Last year i bought my first car and since i had no credit i got stuck paying a obscene interest rate. 17% , im 14 months threw the 60 month loan and am ready to refinace. I have a decent credit score at 675 for a 19 yr old. Problem is i owe about 9800 principal left on the car. I put alot of miles on it and the car is no longer worth the amount that i owe. Car is prabably worth 7500. Would amy bank refinance me given that i owe more than its worth?
Its a 2002 toyota camry 107,000 miles great condition
to rusty. so if i qualified but it be better off to simply get a 3 year personal loan for 10k to pay the car off and id still save about 1500 dollars in interest and a year off the loan
Barbara