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Friday, March 12, 2010

If i have a car with an auto loan whats the best way to get out of it without hurting my credit score?

i currently have a car which was financed through an auto loan through my local credit union. whats the best way to get out of that loan without it negatively affecting my credit?

If i have a car with an auto loan whats the best way to get out of it without hurting my credit score?
you can sell the car and pay off the loan. The bank holds the title to the car so who ever buys the car will have to pay the bank. If they are local, you can call the credit union and make an appointment to payoff the car. You need to find out what the exact payoff amount is. If you sell the car for more than the payoff, you get to keep the difference. if you sell for less than the loan amount, you will have to come up with the cash before the new owner will get the title.
Reply:Boy oh boy, post any questions regarding needing or paying off a loan and all the money scammers come out, you got 3 obvious phishers on this one, how pathetic... Report Abuse

Reply:I think these are some useful sites: http://autoloanguide.automobil... Report Abuse

Reply:Pay off the loan. If you can't pay it off, then maybe you should sell the car.
Reply:Sorry but the best thing to do is to get a side job or do something to make enough money to pay for the gap of the car's value and the amount of balance outstanding on your loan. Sell the car and then pay off the loan and next time get the car you really wanted.

floral

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