Question on car loan interest, HELOC interest?

[overspent]

I am planning to file in aprrox. 3 months. Current on everything as of today but quickly running out of cash. Rates on all credit to be jacked up to 30% in November. Income slightly over median, 22C Disp income negative $250.00. Net schedules I & J $90.00. An attorney I talked said could get me $100.00 for 36 months.

1) Just bought a new car last month and charged 14% for 72 months due to high debt to income ratio. Is it possible to lower the loan rate and do I need to pay off in 36 months? Or should I try to refiance the car loan?

2) 1st mortgage at $260,000. HELOC $50,000 @ LIBOR + 8.75%, house valued at $300,000. Is there anything I can do about the rate on the HELOC?

Thanks for your help?

[StartingOver08]

How did you value your house? Are you sure it is worth $300k?

If the actual FMV (Fair Market Value) were less than the outstanding first, you could strip your HELOC off in your Ch 13.