Have you looked into collecting unemployment temporarily to help bring in some cash flow. Contrary to popular belief, you don't have to be laid off or fired to collect, at least not in PA. I say you give a call to unemployment and find out.

--Jim

 

90 days and the repo man will take it. Try your best to make the payments......Get a shatty job if ya need to. They will work with you and maybe defer a payment ....break it up over the long run but calling them to defer a payment will show on your credit. If ya got some cash to live...and eat...get a parttime job just for the s-2000 payment....you lease so unless you got totally ripped its under 500 dollars a month. Finding a part time job making 125 a week is so easy.....deliver pizza's you'll make 125 on tips just on fri & sat night combined. Homedepot pays 10 bucks and hour. Waiter you'll walkaway with 250-300 cash tax free with fri and sat double shift. Ups or rps or any shipping company pays 10 bucks an hour to unload trucks 4 to 5 hours 5 days a week no public to deal with walk away with about 175 a week for 20 hours work. These are all things i did in college for quick extra cash. all part-time so you'll have time to find a "real" Job. Better to suck it up now then have to explain 4 years down the road trying to get a mortgage. Or lie on a credit card application get one with a 3000 dollars limit and ya got 6 months of payments. til ya find a new job......good luck!

 

You have to be laid off in california to collect unemployment at least thats what the unemployment office lady told me. It would solve everything to say the least.

As for the lease trading swap it might not be a bad idea. My car is in perfect shape and I should be within 1-3 thousand dollars of being rightside up. Plus my lease payment is rather low maybe someone will tkae it over.

As for the 750 rating thats what I used to buy the S and I have paid all my bills since. A lot of that rating is because I used to buy classic cars ever three months or so, play with them and turn them for a little extra spending money. I would borrrow the money pay the first couple of payments and then simply pay it back when I sold it.

I do have one ace up my sleave, I do have my Porsche, its paid off and I could get quite a bit of cash for it but finding a buyer will be difficult.

 

Most states you can get unemployment if your are fired, layed-off, or the business has ceased operations. I would think thats the easiest way.

 

What they want is for you to pay for the car. They WILL work with you, absolutely, 100%.

Why do banks/etc. get pissed? Because people don't answer the phone, return calls or tell them WTF is going on. They attempt to stiff them instead of doing the right thing.

Think about it. If someone owes you money and they all of a sudden they stop paying and disappear would you be pissed? Of course you would. But if that person said "hey, I've got a problem" would you be understanding? Of course you would.

There are lots of options available. You could arrange to reduce your payment for a period of time, say 6 months until you get work.

Call the finance company and tell the situation as you have explained it. Do it in advance, not the last minute. I guarantee they will be flexible and no it won't negatively effect your credit rating. In fact, it may improve it! Nobody likes a deadbeat and that means people who try and rip you off, not people that run into financial blips.

You will likely find them to be helpful and courteous.

 

They won't work with you if you are black. If you're white, probably so...

 

[QUOTE]Originally posted by nastinupe
[B]They won't work with you if you are black.

 

nastinupe you have had some nasty experience and well I have had experiences like you that prove to me the world really is not equal. But in this case I might just come out on top, I am going to go and see what my car is worth in trade in later today.

Found out that I can file for unemployment for about 340$ a week. It will take a while to kick in and my old boss has to sign off on it but as look as I am in the clear for a little while, it still does not solve the underlying problem but I can get some relief for a little while.

 

I hope that you are able to keep the car. If you have a lawyer a a friend you may be able to lease the car out for a year or so until you come into some more money. Is the S your only car?

And to DouglaS2000, if you disagree with my previous statment, you have lived a blessed and sheltered life. I envy you.

If you would like proof of discrimination, what about requiring someone to have a cosigner and put a $1750 downpayment on a car when you make a 6 figure salary and have a 700+ credit rating?

 

I am new to the leasing concept so don't mind me asking some dumb questions here. If the car is leased, can the owner sell the car to another person? If yes, how much would the owner has to sell it to cover all expense or breaking even? And can you have someone to takeover the lease payment? If my memory is right, AHFC doesn't allow sub=leasing, so what can one do if he can't sell it? And if they do take your car away, how bad will it damage the owner's credit?

Thanks,