still have a loan on it so i cant.

at the risk of sounding like a prick here, are you sure? i havent looked into it but it seems pretty stupid to not be able to pay the bank for a car just because its uninsured.

yea. my friend tried it with his evo and the insurance co called the bank and let them know. then the bank forces you to get their insurance and its something like $25 A DAY til you insure it again.
EDIT: plus = when i refinanced the car the bank called the ins co. so they are in contact with one another.

thats weak. i wonder if it's a company specific policy. and i guess you're SOL if you have the same insurance

anyway i look at it im ****ed.

Talk to a financial specialist at your bank. they can usually help out...or a financial advisor im not sure

yea, i think im gonna try to get another loan to pay everything off. i think im good. i havent been late on anything since december. and everything is paid up to date.

from the info you've provided i really dont see anymore options than the ones that were provided. best of luck to ya

thanks to everyone

Just try to eliminate as many bills as possible. I dont know if you have a home phone number, but if you do, cancel it if you use wireless, or keep the home phone nad change the wireless to a pay as u go plan. cable internet? get somethin cheaper. dont eat out, but cook...it sucks, but its something that most people have to go through. i know that when I move out, I wont have the same luxury I do sitting at home now, but il have **** to do, but im well ready for it. best luck bro il see you soon

no problem for the advice. there has got to be some possible way for you to eliminate some of the spending you've piled up over the years.

Well yea some times they wont let you get just a personal loan to do it I actually got lucky and did it. It can be done and also like they said if you sell two of the 3 cars whichi is a really good idea, put that money into an ING account and earn that major interestback

Why is that? The only way to almost guarantee success in this world is to go to college.

But, then again, the world does need janitors.


Loans are evil. Argh. I hate loans. The whole concept of paying for money pisses me off.

Why not have the bank pay you for your money? How does opening an online savings account sound? They have wicked savings rates (above 5% apy). And HSBC Direct's online savings account are easily liquidated. You can take money out of the account at ATM machines.

A car forum isn't the best place to ask advice for stuff like this. I don't think that there are any immensely financially successful people on here.

Seems like you don't really have a huge amount of debt(compared to most)...just gotta bring in more money. At the same time, you can cut some of your losses. Clear the $700 charge and pay the disconnect fee from Verizon by selling the lude. How many miles on the SRT...You kinda don't have a choice as far as the SRT is concerned since you're financing right? You would have to get someone to take over the payments and possibly make something out of it at the same time. How is your bank and insurance company connected? I got my insurance before I went back to get my car after everything was worked out since I didn't like the double dipping idea. That' s about all I can suggest since I am kinda in the same boat...sorta...

SRT has 20k on it. i cant sell the prelude since i need it for work, at least if i do i need to buy another beater, and then spend the money to fix it, which does nothing for me. im not sure how the bank and insurance co are connected. i would assume that the bank needs to know that the car is insured in case something happens to it so they dont get screwed out of their money.

on a side note, i decided im quitting my job. i got screwed over this week with comebacks (which i have to fix for free) and they werent even mine. and since we get extremely slow in the winter time, ill probably be lucky to bring home $300 a week, since i have no seniority. so i got another job, its grunt work but its guaranteed 40 hours. plus it gives me more free time to get extra hours delivering and for side work.

oh, and i say college isnt an option because its not an option right now. im looking for a short term solution to my problem. i have every intension to go to college when i get things straightened out and life is a little less hectic.

Biggest thing that helped my was getting a second bank account, direct depositing all I needed to cover my bills, and setting up automatic payments.

I have a seperate account for my own spending money... never seeing the money that goes to bills makes it real easy to manage.

well, i have auto bill payer, but no direct deposit (work doesnt currently offer it). but i get paid in cash at my other job, so i use that for gas, food, spending money, and then my check goes to bills. it works most of the time, but every couple months i run low and get stuck.

Get a different cell plan for starters...

My nextel bill is $27/month, 600 minutes, unlimited dc, no extra crap (yes, that means no text, thank god).

You make decent money if you bring home 500-700/week (bringing home that much is equivalent to a "salary" of roughly 45k).

So assuming $2400 average/month, your bills are about $1500 total?

That's $900/month extra. Food+drinking, set your limit to $150/week if you like drinking. Only go out 1-2 nights per week and you shouldn't have any problem. If you have left-over money at the end of the week, carry it over to the next week and put the extra money in to your account, which you should have NO PROBLEM DOING! In fact, shoot for $100 spending money per week, and put the extra $50 in to GAS FUND.

That's $300/month that goes right in to your bank account, or $3600/year. Subtract $3000+/year for all of your holidays, and special purchases/splurges like clothing/car parts/shore/etc/holidays(gifts), and now you have nothing in your account.

Now that you know where your money is going, and why it isn't in your bank account, here is what you need to do.

Now lets take a look at your situation a bit farther....

You are paying $600/month for your cars and insurance. THAT'S INSANE. Absolutely ridiculous. I'm sorry, but this is a HUGE reason for your money troubles.

Sell the car if you can. Are you upside down on it? How much do you owe? Do you have enough to just pay it off, or not?

Your insurance will go down, and you won't have that car payment. You should now have $500/month saved from simply selling the neon. You can keep your toy car and your beater, no need for TWO toy cars when trying to save money.

Anyway, that's $500/month in the bank, or $6000/YEAR EXTRA.

So now that we are getting money in the bank account we can focus on your existing debt......

$4000 on a credit card is high, no ifs, ands, or buts. Pay $300/month on that card.

$700 on a credit card is manageable and your finance charge is minimal. Just pay $100 on this/month.

LOCK YOUR CARDS UP, DON'T USE THEM ANYMORE. Seriously.


School Loan: How much do you owe? What's the interest rate? If it's not too much, just continue paying the $100 you are.

Now at least after all spending for holidays and what not, you have $3-4000 in your bank account, and it wasn't that hard to do.

Don't count on it. You might as well spend $2/week on the powerball and hope for the best.

you are absolutely right. up until a couple months ago i was paying $400-500 on that one card (it was in the $6-7k range). the cards have not been used in some time. in fact, i sold my bike to pay the lower one off.

the car is my biggest problem. i owe $19k on it (had negative equity from the civic i destroyed) and its worth roughly $16-17k. at least, thats the lowest i would sell it for. the only problem i have with selling it is that i want/need to have a decent reliable car. and the cougar and prelude are not those things. i tried to sell the SRT a couple months ago with no success. so, if i let it go for $13k, then im still stuck with $6k to pay off. that will take me probably at least a year, if not more, and like i said, i can have everything straightened out by then without selling it. it is definitely an option if someone would come along and make me a decent offer then i would have no need to ask for help.

my student loans are somewhere in the $3-4k range. i hit them hard when i got outta school paying like $600-700 a month on them, so i have them paid down pretty good and i think my interest rate is 4.5 or 5.5.