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weiner_forest t1_ja6dyhc wrote

First step is to stem the bleeding. You going out and buying a new car requiring a $600 payment says that you're not doing that. Lifestyle needs to drop, quite drastically, before you're able to make significant principle repayments.

Other than that, you could try to call up the creditors and ask them to reduce your interest rates. Then make minimum payments on all but the highest interest rate, which you throw every spare dollar you can at. Also, get rid of the car and buy a junker (or take the bus), and call the negative equity lost your stupid-tax.

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Low-Ad1977 OP t1_ja6utgr wrote

When my car was totaled I couldn’t get it repaired and I drive literally all over the state for my job and used cars were heavily inflated. Like cars same make and model were actually more expensive then a new one. Before this vehicle I never bought new but my circumstances were very different and didn’t have the luxury of time to shop around to find a good used vehicle and as I drive so much I needed to make sure it was a quality car and wouldn’t break down after purchase. Trust me I didn’t want the payment and still don’t but I had to buy a car to keep my job so I did what I had to do.

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weiner_forest t1_ja8iuty wrote

You have a job that requires you to travel up to 300-mile round-trips where they expect you to use your own vehicle and only pay $55k for someone with presumably a college education?

If they're not providing a company car + gas, or reimbursing mileage, you need to find another job ASAP. The IRS government reimbursement rate for business use of a personal vehicle is $.655/mile. If I conservatively assume you are doing 100-mile round trips daily, that's something like 2,000 miles a work-month or $1,310 after-tax that you're being shorted if you're not being reimbursed. If that's the case, no wonder you're falling behind.

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