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jobinjoe
Joined: 03 Jul 2013
Posts: 5
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 Posted: Wed Jul 03, 2013 4:55 am Post subject: I want out of my car loan |
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I bought a 2001 chevy Duramax it is worth about $22k. I owe about $24k and I have had the truck for a little mor ethan 1 year. I have high payments becaus eof my credit. however, I have been on time with all of my payments.
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ashomsd
Joined: 03 Jul 2013
Posts: 5
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| Posted: Wed Jul 03, 2013 8:18 am Post subject: I want out of my car loan |
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Fill out the loan application, with substantial proofs of your current employment status, monthly income and collateral potential. Once the lender receives your application he will run a thorough credit check so better be prepared for it.
The pay check term of most short-term personal loans is not more than 5 years. The lower the payback term is, the higher your interest rate must be. Make sure your interest rates must be in terms with the length of the repayment period.
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