We have a chrysler that bk attorney says is worth about $18,000 and we owe First Citizens about $17,100. Rate is 6.14%. Payment is 524.51. We would want to keep this car as we need it for work travel. But the payment makes me nervous. We always pay by auto debit, in full and on time for a year or so since we bought the car.
Car is in husband's name, his credit is usually a 800 score. It was when we bought our house 5 years ago. He gets a w2 for about $20000 a year income plus another 20000 a year in officer dividends. But he has a lot of credit card debt due to paying company stuff with it and lately living off them. About 5 cards and owe probably $40K. So our credit is good, except for the debt to income ratio which is either 125% or 111% depending on which figures you look at (a banker friend of ours looked that part over).
Anyone have a suggestion for who might refi this car, dispite our debit to income ration, to stretch the payments out longer to drop the payments more than $100 a month? First Citizens offered that already, but I'd really like to get it down to $350- $400. If it matters we are in Charlotte, NC.
thanks!
Car is in husband's name, his credit is usually a 800 score. It was when we bought our house 5 years ago. He gets a w2 for about $20000 a year income plus another 20000 a year in officer dividends. But he has a lot of credit card debt due to paying company stuff with it and lately living off them. About 5 cards and owe probably $40K. So our credit is good, except for the debt to income ratio which is either 125% or 111% depending on which figures you look at (a banker friend of ours looked that part over).
Anyone have a suggestion for who might refi this car, dispite our debit to income ration, to stretch the payments out longer to drop the payments more than $100 a month? First Citizens offered that already, but I'd really like to get it down to $350- $400. If it matters we are in Charlotte, NC.
thanks!