Bankruptcy?

[silver]

If it is just your car you are trying to get out of.. Just do a Voluntary Repossesion of the car to the company your car is finanaced through. Basically instead of them coming and taking your car cause you havent paid, you are basically giving it back to them before they can come get it. Will still look bad on your credit, but hey if you can't afford it anymore, you can't afford it anymore. You will be looking at probably 4 years before you can finance another car and expect your interest rate to be at least 20%... IMO, if it's not being able to afford a car payment, I would get a second job or something and find a way to pay.. might suck now, but if you do a reposession or bankruptcy its gonna suck later even more..

[tony]

If it is just your car you are trying to get out of.. Just do a Voluntary Repossesion of the car to the company your car is finanaced through. Basically instead of them coming and taking your car cause you havent paid, you are basically giving it back to them before they can come get it. Will still look bad on your credit, but hey if you can't afford it anymore, you can't afford it anymore. You will be looking at probably 4 years before you can finance another car and expect your interest rate to be at least 20%... IMO, if it's not being able to afford a car payment, I would get a second job or something and find a way to pay.. might suck now, but if you do a reposession or bankruptcy its gonna suck later even more..

This is very true, the first car I ever bought at 19 I took back two days later because it had transmission problems and the dealership would not fix it. Ended up taking a voluntary reposession but even with that 4 years later my credit score was back up to a 700 because I never missed a payment on one thing.

To possibly help you out what kind of car is it and is it possible for you to sell or trade in?