Posts tagged as:

Principle

repossession

Here is the deal. I have a $535 per month car note. I can afford it, but I would love to get a lower payment so that I can pay some principle down on my home. The new car note would be $237 or less. Thats ~$298, approximately back in my pocket.

Should I take the $535 car back? I don’t know what will happen with my credit but I think another $298 is like an instant raise. So, please tell me, how would the repo affect my credit and provide your opinion on the matter.

Real Estate Professionals

{ 4 comments }