Has anyone borrow from overseas money lender for credit card debt consolidation? Are they trustworthy?
Question:
How can I solve my credit card problem? I owe about 50,000 sgd from credit card company. I enjoy bad credit and the bank wants me to money minimum payment that I cannot afford monthly, if not they will seize my properties. I used to wage about 1,600 monthly, but the debt grows every month due to slowly payment, attorney charge, interest etc. How can I get out of this mess, I am planning to borrow from money lender to consolidate the debt and next pay montly at lower interest. Is in that such organisation that lends money for debt consolidation surrounded by singapore? I have be in contact beside overseas money lender that is feeling like to lend 50,000 at 5% interest PA but I have to earnings initial charge at 800. Are they trustworthy? I can hardly clear ends meet presently. Please help...
Answer:
eric,
citibank grant loans over the net up to $$25k pretty much right away.
however near bad credit this is unachievable.
if you don't have financial guarantee to offer consequently private money is about the solely option.
nearby are sharks here who will lend at 4% per month.
let me know where on earth you are accesing the singapore money from and i'll take a look thru the language with you.
pete
never pls don
hi eric
i am facing indistinguishable problems as you. please do not try to loan money from overseas lenders. they are scams. i know becos i be stupid enough to try twice. the second one i lost abt 170sgd but the first one is abt 500sgd and they are threatening to sue me becos they articulate their money is now stuck at the export tax commission becos of me never paying for the tax cert. so i presently have worries upon worries. i am in a minute thinking abt bankruptcy since this is the merely option gone unless i can loan a big sum of money same as you. have u tried credit counselling singapore? possibly they can help you unless your credit report with the bank are less than 2 years. if this is the skin, there's nothing much they can do. if you do find a solution to your problem or prefer to file for liquidation, please send me an email to bring up to date me so that i can also make up my mind wat to do. we can even do it together. my incorporate : dreamkitty79@hotmail.com
Bad credit is one of the worst problems to have... however within exists a solution.
I will hereby talk from my personal experience.
I did debt consolidation a couple of years ago, however If I have to do it again I would pay to some minor details,
if someone requirements to get out of debt today it is pretty graceful with a debt consolidation plan, however it may bring a bit tricky at times, I suggest you get as much information as possible online on this first,
a upright place to start in my humble evaluation is astraight to the point ebook with cross-examine and answer I found :
http://umgarticles.atspace.com/debt-cons...
if it helps open-handedly remember me in your voting!.. cheers!
The solely option moved out for you is to sell past its sell-by date your house. If you intend so, inform the bank to furnish you at least 6 months for the sale transactions and you will make settlement. I dont know how oodles banks you owe for $50K.
If you hold been paying the minimum sum the bank wont disturb you. I am also paying the minimum pocket money. After six months of payments (without delay / shortfall), they will waive the interest and belatedly charges or else everything will move about back to the starting point if you default any payments.
It is not advisable to borrow money to settle your loans. It is purely like digging another hole to cover the hole explicitly in the mess and this will verbs until such time when you reach a motionless end.
I suggest you progress to the credit counselling services and ask them to negotiate with the bank for the instalment payment maybe for 5 or 6 years and settle your debts.
About the overseas loan, this is only a scam. Why rubbish your 800 bucks. Might as well you use the money and reimburse your banks.
As for the answers from Nicky, you dont verbs. These threats by the scammers are only to upset you so you will make further transactions to them.
The three of us are contained by the same boat, if you wanna share your problems, write to me at sincereloan@yahoo.com.sg
Good luck
Does anyone know nearly the no foot for 3 months way out when you purchase an item on ebay?
Question:
Do you still recieve the item? Do they still charge you're credit card? Do they hold onto it?
Answer:
Paypal will check to verify your personal information and credit information. Then if they can Paypal will issue you a credit card like any other dune and you will receive your item you purchased and have 3 months interest free, However the entrap is to be qualified by Paypal first. You also have to bid on the item for that qualification to apply.
Good luck.
Paypal is directly connected to EBay. It is different than a regular credit card in that channel. The process of obtaining credit will be almost the same method, and very promptly answer from
Paypal.
you pay on a credit card. the amount is billed every month till its poaid. The item should ship right away because the ancestors got in attendance money from paypal
I know that at least for some of those things on smudge - they say they don't do credit application, but they do execute a credit check with your ss#.
A collection agancy said they would freeze my edge commentary if I didn't pay cheque. Can they do that?
Question:
I know they can file a lawsuit, but I don't reflect on they can touch my bank story.
Answer:
No, they can only return with a legal judgement within a civil court action. This process bear at least a few months. Even if they do that, you will be informed of any court act against you since it is also necessary for the other knees-up to prove they have served you near all information surrounded by their case. Freezing accounts take place when the government get involved, not for disputes with every light of day creditors and every day race. If you are concerned about your hill account though, build sure you never provide anyone you bank information.
Only the IRS can freeze your sandbank accounts. Everyone else is full of crap.
They might be able to run to court and put a lien on your bank description. This means they would be get hold of a certain percentage/portion of your paycheck until be a foil for is paid,,,,,if here arent enough funds within your acct to pay the bill
Only if the debt is from that hill (like a loan).
yes... go and near draw all your money and hold it home
Theoretically, yes, BUT they must have a lawsuit and judgement already trained. They can't do it without taking you to court and getting a jdugement from the intercede.
That takes time, and promising all they're doing is trying to alarm you, which is against the law. If they're gonna do it, they should do it, and not threaten vacant threats to elicit payment. Next time they send for, tell them that you want approval to record the coversation (not that you own to actually journal it in reality), and utter that they're infringing on your rights according to this:
http://www.expertlaw.com/library/consume...
I don't think that's possible. Best entry you can do is ask your bank going on for it?
Absolutely not. They would first have to transport you to court and get a shrewdness against you. But even then the court is impressively unlikely in certainty almost assuredly not to attach any of your assets. They would most likely freshly find in favor of the collection agency and afterwards state that you owe them the money and then dispense you 5 years to pay it stale.
Yes.
I seriously doubt that but to be on the safe side, appointment you bank IMMEDIATELY.
chrisgarden4girls, and adjectives the rest are wrong.
I can guarantee you that once you have be taken to court, and they have be awarded a judgement, they can (and will) go after your sandbank accounts. Actually, after garnishment, seizing wall accounts is the next easiest road to force payment.
I saw one answer that said to bring your money out of your account...(got 3 gloomy answers). Actually that's good counsel.
Wowa lot of wrong answersthere are a few states that don't allow bank garnishments for unsecured debts (one is South Carolina i think),
trade name no mistake, they can and will...and they can get a perspicacity w/out your knowledge.and sooner or later out of the blueBAMMM! your account is abandoned w/ bounced checks all over the place.
Zero out your portrayal and don't let money sit contained by it anymoreThey warned you, but may not execute the Judgment for weeks/months.
Bank explanation garnishments are a one time event (unlike a paycheck garnishment which continues until the full amount is paid).
States have different broad rules.G00GLE your state and garnishment and see what you find.
If you cosign on a loan & the individual does not pay envelope their bill, can it hurt your credit?
Question:
Answer:
It will not hurt your credit if you pay stale their bill. If you do not, then it will. After adjectives you did promise to pay if they do not.
undeniably. Don't ever do it unless you are prepared to pay that debt.
Yes, unless you cart care of the bill. diligent when you "co-sign" as your name is a slice of the contract..
yes
Absolutely! As a co-signer you are just as responsible as the signer for in good time payments.
If they are not paying/late paying, it will show up on your credit report.
Yes it will. The cosigner has to pick up the bill if not they're also ruined.
ABSOLUTELY! You will be the one the company comes after to pay the bill/loan. If you can't retribution, it will show up on your credit report, for 10 years, unless you pay it rotten.
Yes. You have co-signed the Loan.You agreed to pay envelope the Loan Debt in the event the Primary character defaults.
If a Payment is "Missed" your credit will be adversely impacted.
Telephone the Company involved and put together up "missed payments" and they may NOT report you to Credit Bureau.
Either way, you are responsible if the Primary Debtor default.
Good Luck.
Yes it can. The late or non-attendance will be listed on your report as very well as theirs.
when does the financial corp i.e. a lien holder on a vehicle can repo it beside any identify to the owner?
Question:
and is not for lack of insurance or scarcity of payments
Answer:
I believe that the answer to your question is they can't unless you provided false information at the time you signed your contract. If you are up to date on your payments and you enjoy full coverage insurance than you should be fine. However falsifying information on your contract application is grounds to reposess your vehicle.
If you made your payments in good time they are not supposed to be able to repo your vehicle but if you be even one day unpaid; it gives them the excuse to clutch back the auto.
Believe me; these rabble bags know how to entrap general public in their web of deceit.
There are deeply of companies that "sell" vehicles to ethnic group for high rates and interest because the personage could not get a loan. It is a scam because when you "buy" the motor they are already starting the wheels turning on their intent to repo the vehicle and trade it again to some other unsuspecting person.
Go to the police and find out your rights and within regard to have them arrested and prosecuted.
I knew a guy who did this for a living. He be the worst sort of scummy person you can visualize.
Get an attorney. If you cannot afford one then shift to a Legal Aid Society in your city or in the vicinity town.
It depends on the State that you live in. I enjoy heard and know of cases where on earth a Car was "repoed" at 3:00 am beside a tow truck. That repo was because of "Failure to Pay".
Check near you State's Attorney General's Office or look on the Net under: Laws pertaining to repossession of automobiles surrounded by "Your State".
In my state the Laws favor the Banks and Insurance companies on repossession of Automobiles.
1. They need to notify the owner.
2. You can ask your local district attorney's bureau for advice because this is a civil event.
3. Why not call the financial corporation, and yak to an officer of the corporationcomplain, complain and complain again. They may listen to you.
4. If they don't listen, file a complaint next to the State's Attorney General's office.
5. If they don't listen, folder a complaint with the better business bureau, and any other agency that will listen.
We necessitate you to follow through because they may be breaking the law, and you are protecting us by letting us know something like people who don't treat you right as a customer.
Thanks!
is thereany othercredit cards out therelike visa 660 what is the term please?
Question:
Answer:
I have a Rewards 660, you can also try Imagine or Total Visa. I enjoy the Imagine and love it, I don't have a Total but my friend does.
Would in attendance be some advantages to have some credit purchasing power for a business a bit than only using?
Question:
Answer:
Rather then merely using WHAT?
please resubmit your question.
How hoary do you hold to be to take a credit card?
Question:
I'm just curious if you enjoy to be an adult or what...
Answer:
You hold to be 18 to sign a contract.
A credit card is a contract between you and the credit card company.
Yes, you need to be at smallest 18 years old because if you be able to bring a credit card from somewhere and maxed out the card, you technically wouldn't be held liable for repaying the bill. Your credit score (or adjectives score) will be lower, but most companies don't want to take the risk.
I am thinking just about getting into ebay/paypal,is it nontoxic and any tips?
Question:
Answer:
YOu will have a blast on ebay but set edges as it can be VERY addictive.
If you are planning on selling on ebay, make sure you hold FIRM limits nearly what you are going to do.
For example, I never ever take personal checks.
NEVER
for reason to many to register. This would be a good practice for anyone. I draw from it that some people dont hold bank accounts but they adjectives have a post bureau someplace nearby.
I solely accept POSTAL money directions for payment to keep hold of my fraud risk lower. I dont know much about what a western grouping or a walmart money order looks resembling but I think i would know a fraudulent postal money lay down if I saw one, besides most thieves dont bother next to forgery with respect to a postal money charge since the feds will go after them.
The subsequent thing is to settle on where you are going to ship.
I single ship my stuff to the US or Canada.
The one scam I have hear about on ebay that be huge was a guy saw a index for a computer
he contacted the buyer and they argeed to an off of ebay transaction.
the buyer sent a certified money charge drawn from a bank to the salesperson.
The check was within excess of the amount of the computer and there be a silly excuse as to why that was. I that he already have this money order for a purchase that did not progress thru and rather than achieve it reissued he thought he would just use it for this transaction.
Buyer told hawker to cash the check, help yourself to out the moeny for the computer and send buyer the difference.
The difference be about $150.00. So hawker goes to the guard, does as he is told
sends computer
and A REAL MONEY ORDER
only to find out that the resourceful money order be fake.
Now vendor has no computer
and is overdrawn at his hill since he paid to hold the computer shipped and gave the
buyer $150.00 too!
It be a mess.
Avoid crazy offers to buy your stuff!
If they want it permit them bid on it.
lastly, PAYPAL and ebay will NEVER send you emails requesting that you type surrounded by your account information.
Never reply to an email from them requesting any of that.
If contained by doubt sign onto the respective websites and update your info there.
GOOD LUCK!
i hold never had any problem within the 4 years i have used it. buying and selling
Paypal is a remarkably secure style to send money over the internet. I own had my story for years without any problems. The same article goes for EBay. But on EBay, when you contact a user around a product, make sure that you block your e-mail address from that individual (there will be a box you can check). People get on EBay and ask question just to bring access to e-mail addresses for spam communication and advertisements.
its Great hold a go your love it ... Dont move about bid`n mad ? o it`s sheltered good luck col
contained by general, it depends on you. if your computer is full of trojans, worms and virus, it would mess up the most secure system contained by the world. check your pc first next get into ebay/paypal.
enjoy fun with ebay.
niels
to fire up you, i'am ebay member since 5 years, and have never seerious problems... (touch wood :-)
Billions of transactions are made on ebay every month.
Of course its safe you muppet!
Tip number 1: Never bid until second before the auction finishes. If you bid untimely you are only letting other family know of your intentions and this will push up the price. Choose a maximum price you are prepared to pay and after bid it leaving no time for others to kind a larger bid after you.
Tip number 2: When considering what price you are going to bid at always lug account of the postage costs. Product price and postage costs equals total price. It undoubtedly makes no sense to bid for a dvd at 1p if the postage cost is lb5!
hi credit i hold been near e bay for the ultimate 3 year,s and have used pay cheque pal during that time.i enjoy never had a problem , if things don,t arrive ,or they arrive destabilized it is easily sorted i would definately recommend both perfect luck and happy buying without risk. oh by the way check out the the form on the peddler or buyer before you bring in any transaction
Get paypal, i hate it when i enjoy to go to the hill and get a money lay down, plus it takes longer for my purchase to arrive. Otherwise i devise eBay is great!
Good luck!
Ebay is great but be careful, some of the seller don't tell adjectives the details and you get something to be exact not good.
Keep checking your purchases and don't bid until the finishing minute.
Paypal IS NOT SAFE. I had my paypal stolen. I thought it be safe at first and I be trying to make a few dollars for pocket adaptation from mylot, but someone stole my account. Now I don't trust them at adjectives. You can still go into business on e-bay, but use a credit card.
How can I find a coup¨¦ loan if I enjoy unpromising credit?
Question:
I have a 2 yr outmoded bankruptcy and they are maxim I was denied due to this and the reality that I have no revolving credt currently... no credit cards...
I dont want to discharge out the butt... does anyone have an impression?
Thanks
Answer:
There are lots of lenders out there that will hand over someone who has not re-established their credit after a collapse a loan for a vehicle.
This is what I do for a living and I'm telling you if you can prove your income and come up next to around $1,500.00 to $2,000.00 for a down payment you can be approved.
Look within next Sundays daily and find a dealer that advertise Special Finance. Call and go see them the Special Finance Manager can facilitate you.
Do not go to a buy here money here place, they sell their cars for twice what they are worth and do not report to the credit bureaus. All the payments you engender to a B.H.P.H. lot will do nothing to augment your credit.
I had a similar problem, and I have to go to one of those "buy here foot here" places to get a motor.
You could also find a co-signer. If your parents or someone else close to you are willing, they would co-sign for you and their credit is run instead of yours. The problem, though, is if you miss any payments, it effects their credit.
Certain nouns companies will approve you for a car loan next to bad credit. I hold posted a direct source that list these.
Go to shocking duckling. They give cars to citizens with credit problems.
The certainty that you have a BKC on your credit report should be paid them want to give you a saloon even more! That means you cant directory bkc on them for another 7 years...now five since two own already gone by for you.
Car loans are not like home loans, you can still obtain financing even with a enormously low credit score. Some lenders will even nouns people next to no credit history. You will have to payment a higher interest rate - here is no way to avoid this. You can refinance your loan then when your credit score improve. Best of luck.
don't worry you can apply for online loan.i deduce that the below website will help you to find the right solution.
You can win bad credit coup¨¦ loan as either secured or unsecured. Secured discouraging credit car loan comes near the threefold benefit of low interest rate and increased repayment term and huge principal. But this type of loan requires you to donate your property as collateral. Your home is at risk if you fail to discharge the monthly installment. But this is not permanent and holds true merely if you miss or delay your repayment.
This type of risk is not in in an unsecured fruitless credit car loan. However, if you miss any transmittal, your lender can file a legally recognized case against you. As you do not proposal any collateral, you have to salary higher rate of interest.
When you compare both the types of bleak credit car loans, the secured doomed to failure credit car loan is more flexible as regard the terms and conditions. The unsecured is more rigid. Hence if you are persuaded about making regular payments, secured opportunity is the best.
Yes there are heaps Car Loan Financers.
I have a chronicle of some good websites offering Loans next to low Interest rate and fast approval. Its a policy voilation of yahoo if i post any connection here.
Just mail me at solidoffer11@yahoo.com near subjet- Car Loan . I will send a cooperation of best website where you can find best Loan offer,tips and resources.
best wishes
Personal Loan?
Question:
Getting a personal loan from a friend to help me settle credit cards off will I own to claim it on taxes next year
Answer:
It depends on how you drew up the contract, if you did at adjectives. I recommend making a contract to protect both of you. For your friend, of course so he/she can bring back the money back and plus the interest. And for you, so you can draw from the credit. You guys should really think how to do this.
IS in that any loan that will cover my saloon loan and my mrtgage adjectives surrounded by one?
Question:
because i am thinking to purchase a house and a car sometimes beforehand the end of the year. so it will be easier for me to hold one loan lets say aloud ($600,000) and use it for both car and house
please warning me
Answer:
You can increase the value of your mortgage by the loan of your motor through a home equity mortgage...but that would be silly because you will pay a lower rate on your sports car loan financed through a dealer than through your mortgage. However you can suppose the interest if you roll it in into the mortgage.
I am not sure if this company does loans contained by your area but check them out online
American Equity Mortgage
nobody is going to amortize a loan for the underlying asset of a sports car for 15+ years, its just not going to ensue. That is WAY too much risk.
There are mortgages that let you borrow up to 103% of the home's expediency. But why would you want to pay for a coup¨¦ for 30 years, assuming that's the term of the mortgage.
You should do them separate as several have already advise you to do. Your car loan will most possible be for 5 years and your home mortgage for 30 yrs. You are not going to save any money by putting them together. This is a great website for aid & information about loans. You could also try here for warning and quotes. http://loan.divinfo.com/
Does transferring credit card balance from one provider to another affect UK credit scoring?
Question:
Assuming that the minimum payment is made promptly respectively month. I want to keep tab of my credit score as I'll be making a mortgage application contained by the not too distant future.
Answer:
Eliminating illustrious interest credit cards by transferring to a card with a lower rate can aid you save a large amount of money, allowing you to regain control of your finances. However, it is important that you apprehend all of the lingo and conditions of your new credit card beforehand committing enrollment. You want to make guaranteed that the card offer is celebration and that you are truly going to benefit from it. Featured are tips that will help you choose and use the right credit card for transferring balance.
Pre-determining interest rates
Most balance verbs offers are virtuous for only the first 6-9 months of enrollment. At the conclusion of the introductory rate, the card will convert to a more standard rate, typically between 14-20%. It is impressive that you determine what the interest rate is going to be once the intro rate is over. If you are not sure what interest rate the card is going to be charging at the conclusion of the intro offer, ring up the issuer and find out.
New purchase interest rates don't equal the balance verbs rates
The intent of transferring credit card balances is to search out a lower interest rate and eliminate your debt quicker. It is esteemed to note that the match transfer interest rate is not going to be impossible to tell apart for new purchases made near the credit card. In fact, unmarked purchase rates are going to be higher. Also, payments that you net towards your credit card bill are going to be applied towards the balance verbs debt first, until they are eliminated. As a result, you are going to wrapping up paying a lot of money surrounded by interest costs for new purchases. It would be prudent for you to pay past its sell-by date all of your go together transfers prior to making any new purchases near your credit card. Read more about be a foil for transfer at: http://www.credit-card-gallery.com/artic...
No i infer it wont affect your credit,but you can make some check out to be sure.
To know more visit
http://creditcardbiz.blogspot.com...
and
http://onlinepaymentoption.blogspot.com...
what does charged stale close-fisted on a credit report be going to?
Question:
Answer:
Creditors typically write off or charge stale a debt if there have been no pay-out on the account for more than 180 days or six months. This does not, however, be going to that the person no longer owes the debt. A charge-off is an accounting procedure for import tax purposes used by the creditor where an uncollectable debt or charge-off is reported as a loss for the creditor.
The creditor can and habitually does attempt to collect the debt long after it has be charged off near either an in-house collection program or more commonly beside a third-party debt collection service. Because the original contract for the debt, be not honored, the account be a foil for can be requested paid contained by full. Sometimes a creditor will accept a partial contribution of the debt and the account will be reported as "settled charge-off."
It funds the company you borrowed from wrote it off as a discouraging debt.
It means that the personage did not pay their debt, and the other get-together that was owed money "charged off" the debt, because they feel that they were never going to be rewarded. It's one last shot that someone whos owed money can lug, in the hopes that someday, they'll want to clear this black sap off of their credit report.
Usually the creditor have written it off as fruitless debt. Debt that either have been turned over to a collection agency, sold bad at a reduced price on the dollar, and/or they figure that they will not find back.
There is just so long that over due debt is kept on their books, depending on the industry, acct'ing laws & regulations, etc. This information will stay on your credit report freshly as any other derogatory information will which is 7 to 10 years.
It means other lenders or creditors look as you as a deadbeat
Brigit pretty much nail it. Thats the correct answer but I would also like to donate.
If you owed xxx card say,$1000 and they help yourself to it to a charge off and report it as a lost to the IRS. You may also obtain a tax bill from the IRS for taxes owed on a $1000 income. This may or maynot crop up, just depends on if they report it to the IRS or not.
Don't ask me how I know! wink wink!!
It's a huge gloomy impact to your score. It medium the creditor did not believe you would ever pay and charge stale the debt (closed the account minus you paying).
Is it better for my credit to consent to my vehicle be repossessed or to hold making unpaid or partial payments?
Question:
I cannot afford to make my vehicle payment. It is other late. My credit is already pretty shot, I only want to know what the better option is. Keep making behind schedule payments, until I get hindered or let them cart my car?
Thanks for any information.
Answer:
It depends on several things. If you can with the sole purpose make partial payments travel down and see about refinancing more years. I am sure they would a bit see you take longer at smaller payments than enjoy to repossess your car.
Can you do next to out your car? I am assuming you work and spawn payments from there.
If you can singular make partial payments the guard will charge you late payments plus interest until eventually you will owe twice as much. Than they will repossess, market the car for what ever it brings and any force you into bankruptcy or garnishee your wages for the go together.
If the car have much value close ot the sandbank loan you might considering asking the bank to bear itback and sell it. and you settle up the balance surrounded by loan payments.
If you can make behind payments only you'll never return with caught up. I would c onsider a few hours a week part of the pack time work for this sitution and aave that credit. let them see you are trying.
Tough interview.
Once you give up the motor, it might be tough getting another except by paying cash up-front.
It seem like the solution is to increase your income so you can own more freedom from that stress.
If you'd like a perspective on that aspect, please drop me an email.
Good Fortune to You!
Personally, I'd clear the payment even tho they are deferred. Yes, they show up on your report but it is better then showing a non-attendance and repossession by either voluntary or in-voluntary.
Keep making payments if they will adopt them. As soon as it gets repossessed they will levy a fewer judgment against and you will be screwed for years to come.
if they purloin your car you own a repo on credit report - forget ever having a legitimate car loan AND they will come after you for the outstanding loan be a foil for. they take motor and sell it for cheap, you go and get sucked up for outstanding balance plus court fees and interest and penalties.
Suggest you achieve 2 more part time job, get over-involved and pay it rotten fast. Save the extra money rationale you are one paycheck from homeless.
visit daveramsey.com to cram what you really need to know.
a repo can affect a home loan , credit card wide-reaching default clause(can you read aloud 32% interest?), student loans, job opps.
What is the Blue Book on your Car? How much is your Payoff. If payoff is smaller number then blue book, put up for sale it.
You don't want a repossession on your credit.
Put all you can against your vehicle payment and send for the note holder and see if they will tack it on to the stop of your loan.
You need to own a meeting beside the place where you create your payments. You want to explain that you want to make suitable on the loan and need to work out something near them so you can continue to pay envelope on time. If you can't do what they want, I suggest you put on the market that car for as much as possible, pay envelope it off and don't carry yourself over your head again.
If you are financing the coup¨¦ from a dealership, go backbone and ask to downgrade to a cheaper car. It looks bleak on their portfolio to have cars repossessed (if that's the route you choose) and might be considerate in finding a saloon that is more affordable. Either track, I wouldn't let the saloon get repoed, it will stay on your credit for years. See if you can roll a stipend to the back of your loan and try and gain some money together to make your subsequent monthly bill on time. Hope this help!
This is a really hard give somebody the third degree. I would continue to create the payments, yes they show as late but at least possible you still have the sports car. If you let them pocket the car you won't hold it and may have trouble getting another saloon. Also, you'll still owe on the car that's be repoed. That's crumby when someone else owns and is driving the car but you're still making payments on it. See if you can receive it refinanced to smaller monthly payments.
Good luck!!