Overhaulin'

There has to be a way to return a car on an outstanding loan and not ruin my credit, right?

Or wrong? I have an upside down loan on my current vehicle due to a bad loan I signed when I was younger. There would be no way for me to sell this car for the amount owed on the loan unless someone was just bonkers. The $500 car payment is killing me. I can afford it but barely. There's always a way out right? Is there ANY way to get rid of this vehicle w/o killing my credit for the next 7-10 years?

Public Comments

1. Can you maybe re-do the remaining due amount on the loan for a bit lower payment? Or, get another loan to pay it off and then pay on the other loan. Might be able to do that for a little less each month. I doubt that you could just let it go back to the company without ruining your credit.
2. Try refinancing the l0an on it. The bank that you have the car loan with, might even refinance it for you. If not, you could try your bank or do a search for auto refinancing and you should find places that will do car refinances.
3. i had an upside down auto loan and the only way out was to file bankruptcy.