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Originally Posted by wdsguy
You shouldn't have bought an expensive car in the first place when you're young, its a huge depreciative asset. People buy a nice car thinking they can afford the monthly payment ASSUMING that their monthly expenses doesn't change until something unexpected hits. You're better off selling this car and finding alternative transportation for now until you get this problem solved.
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Alot of good advice. This loan actually defaulted back in September but I was still hurting from the loss of my fiance so I'm only now doing something about it.
Peaches. Its their responsibility...trust me. No need for googly eyed Smileys.
Bitchy thanks for the link
Raven the scare tactics was there first course of action. I don't go for that shit though so I told him I'd call them back when I figured out what I wanted to do.
mindoza I'm going to check out that link you sent me.
I just contacted SaliMae. They deal with some defaulted loans...they are going to get back to me regarding my situation. I was going to look into refinancing my car but thats out of the question figuring I have 16k in big red letters on my credit report. Whats the best way to go about selling it? Private sale? I heard about CarMax.com but they don't have on in MA.