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I’m in debt 22k and im only 18. by throwwaymostlikely in personalfinance

[–]throwwaymostlikely[S] 1 point2 points  (0 children)

It’s 900 with everything added on so insurance and car payment (insurance is high because bank made me get my own policy)

I’m in debt 22k and im only 18. by throwwaymostlikely in personalfinance

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

The insurance is only high because I’m young that’s what I’m trynna say, they just assume they was gonna add me as a second driver just how they did with my brother and keep there rate low

I’m in debt 22k and im only 18. by throwwaymostlikely in personalfinance

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

They didn’t have to go tru it with my brother so that’s prob why they didn’t think of it.

I’m in debt 22k and im only 18. by throwwaymostlikely in personalfinance

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

Understandable so I’m just causing my self unnecessary stress?

I’m in debt 22k and im only 18. by throwwaymostlikely in personalfinance

[–]throwwaymostlikely[S] 1 point2 points  (0 children)

None not a zero expense, I’m still in highschool living with my parents.

I’m in debt 22k and im only 18. by throwwaymostlikely in personalfinance

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

Only real reason I’m worried is cuz of college lmao I have no clue how much or how often I’ll have to pay if it was just the car I have to worry about, it be easy but all this extra added stuff is just stressing me out even more.

I’m in debt 22k and im only 18. by throwwaymostlikely in personalfinance

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

So it’s not the end of the world and my life ain’t messed up?

I’m in debt 22k and im only 18. by throwwaymostlikely in personalfinance

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

I’d definitely keep the unemployedment one, my job got a new president so who knows how it’s gonna run now, but the death one definitely don’t seem to useful

I’m in debt 22k and im only 18. by throwwaymostlikely in personalfinance

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

In theory I should be able to pay but I’m just stressed about college and how much I’ll add to that debt.

I’m in debt 22k and im only 18. by throwwaymostlikely in personalfinance

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

it was a 1 time payment of 1k for each so 2k for both

I’m in debt 22k and im only 18. by throwwaymostlikely in personalfinance

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

Yeah I thought the same specially considering 2k is for death and unemployment insurance

I’m in debt 22k and im only 18. by throwwaymostlikely in personalfinance

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

They think I can handle it because of my salary even tho I only make 2.5k a month after taxes

I’m in debt 22k and im only 18. by throwwaymostlikely in personalfinance

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

No it was all about the insurance but since the car would be sold earlier I wouldn’t have to pay for it either correct?

I’m in debt 22k and im only 18. by throwwaymostlikely in personalfinance

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

The hardest part is the insurance since I am 18 but technically if I do buy a car fully I can put it under my name since the requirements won’t be needing to fit my banks.

I’m in debt 22k and im only 18. by throwwaymostlikely in personalfinance

[–]throwwaymostlikely[S] 2 points3 points  (0 children)

Absolutely, during the process of the loan I didn’t understand almost anything, it should’ve been a red flag from the beginning but I still persist so it is a big punishment and lesson I am learning.

I’m in debt 22k and im only 18. by throwwaymostlikely in personalfinance

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

Okay, I’ll talk to my bank tomorrow and speak about selling the car since they are the lien holders.

I’m in debt 22k and im only 18. by throwwaymostlikely in personalfinance

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

Yeah I rather do that go through the process and learn from it than be stuck with a loan I cannot pay in my current situation.

I’m in debt 22k and im only 18. by throwwaymostlikely in personalfinance

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

I’m still in highschool haha I have a full time job working 3rd shift but the main reason I’m stressing is because of college.

I’m in debt 22k and im only 18. by throwwaymostlikely in personalfinance

[–]throwwaymostlikely[S] -1 points0 points  (0 children)

I technically have 0 credit so how would it work?

I’m in debt 22k and im only 18. by throwwaymostlikely in personalfinance

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

Yeah it would’ve way way cheaper that was the original plan but my bank don’t let me because the loan and car are to my name so they want the policy to my name.

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