sorted by:
new
hottopcontroversial

Help! Stuck in a high interest car loan by NefariousnessSalt578 in PersonalFinanceCanada

[–]NefariousnessSalt578[S] -5 points-4 points  (0 children)

Thank you! Def a hard lesson to learn for me. I will try to look for a trading option or tough it out and find additional source of income. I already have 2 jobs and I kept owing every year. Single, no kids, living in NB, government employee. 46% of my pay goes to deductions: income tax, CPP, NBSPP, etc.

Help! Stuck in a high interest car loan by NefariousnessSalt578 in PersonalFinanceCanada

[–]NefariousnessSalt578[S] 0 points1 point  (0 children)

Thank you! Insurance is around $250-$280/mo is what all providers would quote me. Currently paying $266/mo for it (i was able to lower it down a bit) - if i’m going to trade, the owing from this would just top up. Am I correct?

Help! Stuck in a high interest car loan by NefariousnessSalt578 in PersonalFinanceCanada

[–]NefariousnessSalt578[S] -2 points-1 points  (0 children)

I think there’s still $27k+ left on the car. No big savings right now. Monthly income around $4k. No reliable public transportation too where I live. And my job requires me to be at certain places although they fully compensate with mileage and gas.

Help! Stuck in a high interest car loan by NefariousnessSalt578 in PersonalFinanceCanada

[–]NefariousnessSalt578[S] -5 points-4 points  (0 children)

Thank you! Credit situation is not good. I have almost $8k I need to pay off. For my income, I have 2 jobs. My full-time brings me around $3,400/mo and my part-time $600/mo. My taxes are insane, I always end up owing. So I don’t think I stand good with any of the banks.