(Mark from New York) Can you help me with my car payments?
Dear Mark,
Credit counseling can help you find solutions for paying all of your bills. Sometimes a debt management program can be very beneficial for handling all of your unsecured debt, such as credit cards and personal loans. While this program does not allow for secured vehicle loans, it might save you enough on monthly payments to make it easier to make your regular car payments.
That being said, I will caution you about firms that claim to be able to help you avoid repossession for a fee. These firms frequently do nothing to help. Furthermore, even when they do negotiate a workout arrangement, it is normally something you could have done on your own without paying their fee.
It might be useful to see what types of workout arrangements are possible. That should provide some help for you to make your car payments.
