I am sorry you are going through this but here are a few things you should do right now...
1) Write a letter to Chrysler Financial, and tell them that they may not contact you at your place of employment.
2) Go to the library :) and borrow a few book on money management, Dave Ramsey's "total Money Makeover" and Financial Peace Revisited" are great starters.
3) Sit down and write a budget and organize your bills.
After you take these steps you will probably have a good handle on whether or not you can "afford" the car. Please check in on a regular basis. I have found that if I hang out here I stay on target with paying down debt and creating snowflakes.
Before I ever let a car be repossesed I would try selling it out right. Even if its a small loss then let the lender sell it a auction for a huge loss.
Have you looked at the Snowflakes above? I have found that just by reading the boards I have been able to really change the way we spend money and have made huge dents in our debt since June when we starting really getting serious. Sometimes you just have to get creative.
I would recommend definately track all your expenses, try to go back 3 months if possible, and set up a budget! Take an hour and do it right now.
And to answer your question go without the gas in your car if you do not have the money. Maybe you are driving more miles then you really have too. What is your living situation? Could you get a roommate? If you want to post all your current expenses and your monthly income. Maybe we can help you decide what you are paying too much for, and finding the debts you need to target or can refinance.
I also really like Frugal Living, Budgeting, and Living on One Income boards.
When you write to them and send it certified mail, you want to say they do not have permission to contact you at work AND that they may only contact you via mail. You need to say both.
Now that you have moved, maybe things will turn around. If you can figure out how to make it through one month without going negative in your account, you'll automatically have more money because you won't be paying those $25 fees. It's not easy to get started, but if you get there it will get easier and easier. A budget is essential. When you get paid figure out how much you will need for gas and food, and set that money aside. Then pay your bills. Don't pay a bill if you are just going to end up paying those $25 fees to buy gas. Pay rent and pay the car enough that it can't be reposessed, and then only pay your other bills if you have the money. Work on getting $100 into a savings account that you only use if you are out of gas or food (not to pay bills) and then add something to it each payday even if it's just $5.
Hello & Welcome,
I am sorry you are going through this but here are a few things you should do right now...
1) Write a letter to Chrysler Financial, and tell them that they may not contact you at your place of employment.
2) Go to the library :) and borrow a few book on money management, Dave Ramsey's "total Money Makeover" and Financial Peace Revisited" are great starters.
3) Sit down and write a budget and organize your bills.
After you take these steps you will probably have a good handle on whether or not you can "afford" the car. Please check in on a regular basis. I have found that if I hang out here I stay on target with paying down debt and creating snowflakes.
Hope this helps,
Shannon
Shannon
Hello Stacey,
Before I ever let a car be repossesed I would try selling it out right. Even if its a small loss then let the lender sell it a auction for a huge loss.
Have you looked at the Snowflakes above? I have found that just by reading the boards I have been able to really change the way we spend money and have made huge dents in our debt since June when we starting really getting serious. Sometimes you just have to get creative.
What kind of car do you have?
Shannon
Shannon
It's a 2001 Dodge Stratus coupe - really cute car.
I would recommend definately track all your expenses, try to go back 3 months if possible, and set up a budget! Take an hour and do it right now.
And to answer your question go without the gas in your car if you do not have the money. Maybe you are driving more miles then you really have too. What is your living situation? Could you get a roommate? If you want to post all your current expenses and your monthly income. Maybe we can help you decide what you are paying too much for, and finding the debts you need to target or can refinance.
I also really like Frugal Living, Budgeting, and Living on One Income boards.
Shannon
Shannon
I agree with the advice Shannon has been giving you, especially on the Dave Ramsey materials.
Last fall (three years early) we paid off our whopping
When you write to them and send it certified mail, you want to say they do not have permission to contact you at work AND that they may only contact you via mail. You need to say both.
Now that you have moved, maybe things will turn around. If you can figure out how to make it through one month without going negative in your account, you'll automatically have more money because you won't be paying those $25 fees. It's not easy to get started, but if you get there it will get easier and easier. A budget is essential. When you get paid figure out how much you will need for gas and food, and set that money aside. Then pay your bills. Don't pay a bill if you are just going to end up paying those $25 fees to buy gas. Pay rent and pay the car enough that it can't be reposessed, and then only pay your other bills if you have the money. Work on getting $100 into a savings account that you only use if you are out of gas or food (not to pay bills) and then add something to it each payday even if it's just $5.