Overhaulin'

I am upside down in two car loans, how to get out from before I hurt my credit?

Future plans require me to clear myself of debt. what can I do? I was thinking of finding out if i can trade both cars in on one, is this possible?

Public Comments

1. if you are upside down there is little you can do, getting another vehicle on credit they will roll the amount that exceeds the value into the new loan. Bets thing you can do is to start making extra priciple payments on them until you get to where you can sell them for what you owe.
2. If you are upside down on both, you cannot trade them for one car. Even if you could and roll the negative from both cars to the new loan, you would be buried past your eyeballs on the next car. The only thing you can do is tighten the belt, and find a way to pay off at least one of the cars. Then drive it til the wheels fall off.
3. than you would be in more upside down on one car. but the expenses like insurance would be lower.
4. 1. Sell both cars, even for a loss. 2. Pay off rest of loans--whatever is left over. You will not be worried about insuring those two cars at least at full coverage. 3. Find a super cheap solid car to get you buy.
5. Visit this site http://www.thetechnology.net Here you will find enough information that will help you solving your this question.