We are approx $8k-$9K upside down on our car loan, we do not want it anyways - not just because of the payment... but we got a surprise 7 months ago when we had a positive pregnancy test (3rd child) - our car only has two front seats with two bucket seats... so our entire family does not fit.
We are 3 weeks behind, and honestly can't afford to pay another payment. We are going to take the money from the payment as well as from not paying our other debt and hire the attorney we've already spoke with in June/July.
So what do we do until then? Do we call the lender and arrange for a surrender? Do we hold on to it as long as possible?
What is the best thing to do? Our credit is already between 450-480 it's not like we're destroying good or even moderate credit.
We are 3 weeks behind, and honestly can't afford to pay another payment. We are going to take the money from the payment as well as from not paying our other debt and hire the attorney we've already spoke with in June/July.
So what do we do until then? Do we call the lender and arrange for a surrender? Do we hold on to it as long as possible?
What is the best thing to do? Our credit is already between 450-480 it's not like we're destroying good or even moderate credit.