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16,000 upside down

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all23569ooo | 19:07 Tue 27th Sep 2005 | Business & Finance
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I just recently posted a question. We are 16,000 upside down on a vehicle. Do we have any options beside bankrupcy? We have excellent credit but need to get out of this high monthly payment.
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Avatar Image tubeway
You could take out a long term loan to pay off the car. It is a stupid thing to do as it will cost you fortunes in interest - but it would lower your monthly payments.
21:41 Wed 28th Sep 2005
Avatar Image LauraLou
Just to clarify, you are �16k the wrong way on a car? Do you mind me asking who your finance company was andwhat the car is? Not being nosy, I may have info for you.
23:30 Thu 29th Sep 2005

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16,000 upside down

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