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ku91fanatic t1_j2fcmhd wrote

I'm sorry that you are in this spot, it sucks and candidly the options aren't great. But it also isn't the end of the world! Will your situation be resolved completely once the car is gone? I think you owe yourself an honest look at your total financial picture so you can address any other issues and be able to rebuild in a healthy manner moving forward.

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Ok_Loquat_8087 OP t1_j2ffn3a wrote

Well before everything went bad I felt it would be the best option to sell it. I had an extra couple thousand and could pay the difference that was still owed. Truthfully I wish I would have listened to my gut but I didn't. So it is something that I had been thinking about for a long time now

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ku91fanatic t1_j2fi2h7 wrote

You don't have to answer this publicly but if I were in your shoes, here are the tough questions I would be asking myself:

Do I have other things I will need to purchase through debt (most notably a home) in the next few years? Is the car the only problem or is full bankruptcy a better LONG TERM solution? What other controllable expenses (credit card payments, non-essential spending, subscriptions, etc) do I need to get under control? What does my income growth look like for the next few years and how do I change that if it isn't growing? How much has to change for me to be able to consistently save money every month?

I also think that everyone should read the book The Richest Man in Babylon . It is a super easy read but teaches some great fundamentals on which to build your financial future.

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