sigh

[scaredneko]

I have been sitting here waiting to file in Feb. Stopped making payments on credit cards in Sept. Well Thursday night I totaled my car. Not happy about it at all have some equity and all maintence was up to date.

I need a vehivle for work since I do outside sales. Have never missed a car payment. and have financed 3 vehichles with the bank I have current one with,. Will it be possible to finiance another vehicle with all the no payments on credit cards for so long ? and is this going to throw a wrench into my trying to file BK in Feb ? Im even more concerned that without the car payment I will be forced into a ch 13 instead of a 7 If I find a car car wiht a little lower payment will it help and will the trustee frown on me ? If Im lucky enough to get approved.

lastly will the BK affect a co signer if I need one to get a car ?

live in Texas, was a 720 up until sep;t when I stopped paying cc bills no idea how far Ive dropped to this point.
thanks in adavnce

[Keebler]

You can see my signature. Our situation is not so different. I've read in a place or two regarding debt repair that it's useless to apply for any kind of loan with scores below 550 because not even the risk lenders will be interested and the few that are interested are probably predators.

I applied for a loan with a place that specalizes with no-credit and bad-credit and got nothing.

I need to free myself from my car payments and I have the same problem. If I get rid of my vehicle I can't finance a replacement and I'm worried that a lower payment might ruin my chances for Chapter 7. Mine seems like a no-win situation and yours seems worse.

I'm not sure what advice to give you but I though I could let you know what I've found so far.