I Have Too Much Debt

If you're saying 'I have too much debt' and your car is up for security, you actually have a chance of being able to redeem the latter. In most states debtors are given 'the right to cure' your accounts. You're given a limited amount of time from the time that the notice for repossession was issued, till your final payment due date, which usually takes a few weeks. In this time period, you'll need to come up with the resources to catch up on all your missed payments and the late charges incurred on the balance.

Take note that the right to cure isn't applicable in all states, and you need to check if this can be done in your area.

Can I just sell the car instead to have money for my debt? It's really hard, I have too much debt and I want to be able to pay them all off already....

Can I just sell the car instead to have money for my debt? It's really hard, I have too much debt and I want to be able to pay them all off already....

Selling the car would put you in even deeper trouble than you already are in. Even if the car is no longer in your possession you will still be obliged to pay for it.

Have you consulted your lender regarding a right to cure or a payment plan that you could work out with them?

Right. If you're saying that "I have too much debt" and are in need of getting the car payment taken care of, you can certainly inquire about the right to cure that loan--provided that it is indeed offered in your area, because not all states have that option.

If a right to cure is indeed lawful in your area, your lender should have told you about it, to give you an opportunity to take care of that debt...

I am just as stupid as a donkey when finally aware that all of my debt actually made by me alone. Too much promotion out there and too much easy pay that blinded our logic mind. Day by day I am struggling to pay for only the minimum bill. You know and everybody known there are no easy exit for our debt. it is just like taking a diet pill and hoping tomorrow we'll loose pound or two chunk. Because there is no easy money!
But praise Lord now I am sober and manage to pass those hang over debt frustrated dilemma. From the internet we can find tons of easy shortcut debt solution but there is no shortcut solution at all!! and now I am telling you I've found this small site that giving us daily assistance and I recommend you to this site. This is the link:<a href="http://8066aff5gxat7u1aqfevftay3k.hop.clickbank.net/?tid=FRI131109" target="_top">Click Here!</a> It contain all we need to know to manage our debt, telling us how to behave of money. Now my debt is sitting around 8% left until I am debt free in next few week. That site absolutely side kick for my soul on eliminating my debt. Hoping the same to you!

Regards,Alan.