Comments for My New Choice http://www.mynewchoice.com Debt free, financially independent and retired early Mon, 20 Feb 2012 13:17:53 +0000 hourly 1 Comment on The importance of financial planning by Roshni Bhatia http://www.mynewchoice.com/2011/01/18/the-importance-of-financial-planning/comment-page-1/#comment-150030 Roshni Bhatia Mon, 20 Feb 2012 13:17:53 +0000 http://www.mynewchoice.com/?p=399#comment-150030 In the absence of proper financial planning, no individuals would save money to invest. If there is no investments, then we would face a liquidity problem.As compared to past few years, as the trend is observed, savings have already reduced which is a serious concern for the economy. Hence, Financial planning is a Must! In the absence of proper financial planning, no individuals would save money to invest. If there is no investments, then we would face a liquidity problem.As compared to past few years, as the trend is observed, savings have already reduced which is a serious concern for the economy. Hence, Financial planning is a Must!

]]> Comment on Tips To Manage Your Checking Account And Save Money by Excellent credit cards http://www.mynewchoice.com/2009/10/27/tips-to-manage-your-checking-account-and-save-money/comment-page-1/#comment-150016 Excellent credit cards Wed, 01 Feb 2012 18:00:10 +0000 http://www.mynewchoice.com/?p=299#comment-150016 Tracking expenses is very important. Knowing where money goes and how much money you spending on can save money. Tracking expenses is very important. Knowing where money goes and how much money you spending on can save money.

]]> Comment on How to Escape a High Interest Car Loan with Negative Equity by Jerry http://www.mynewchoice.com/2007/06/18/how-to-escape-high-interest-car-loan-with-negative-equity/comment-page-1/#comment-150002 Jerry Mon, 23 Jan 2012 22:29:45 +0000 http://www.mynewchoice.com/2007/06/18/how-to-escape-high-interest-car-loan-with-negative-equity/#comment-150002 Sounds just like me. I was in a bind and had to have a vehicle. So I went to DriveTime. Got a 2006 Chevy Malibu Maxx. I owe 13000 and its worth 5000. At 23% its killing me. Its been about over 3 years, what happened with yours? I am dying to know. Thanks Sounds just like me. I was in a bind and had to have a vehicle. So I went to DriveTime. Got a 2006 Chevy Malibu Maxx. I owe 13000 and its worth 5000. At 23% its killing me. Its been about over 3 years, what happened with yours? I am dying to know.
Thanks

]]> Comment on How to Escape a High Interest Car Loan with Negative Equity by Kayla http://www.mynewchoice.com/2007/06/18/how-to-escape-high-interest-car-loan-with-negative-equity/comment-page-2/#comment-149998 Kayla Wed, 18 Jan 2012 15:46:34 +0000 http://www.mynewchoice.com/2007/06/18/how-to-escape-high-interest-car-loan-with-negative-equity/#comment-149998 I have a 2008 Mazda 6. I have a 10.25% interest rate, and pay $219 dollars a month. However, I don't get paid enough to be able to have a payment this big. I am trying to trade it in, but the dealers say I am about $2500 upside down. Any thoughts? Need help! I have a 2008 Mazda 6. I have a 10.25% interest rate, and pay $219 dollars a month. However, I don’t get paid enough to be able to have a payment this big. I am trying to trade it in, but the dealers say I am about $2500 upside down. Any thoughts? Need help!

]]> Comment on How to Escape a High Interest Car Loan with Negative Equity by michael http://www.mynewchoice.com/2007/06/18/how-to-escape-high-interest-car-loan-with-negative-equity/comment-page-1/#comment-149990 michael Wed, 11 Jan 2012 18:34:12 +0000 http://www.mynewchoice.com/2007/06/18/how-to-escape-high-interest-car-loan-with-negative-equity/#comment-149990 I have a 2005 3.2 Acura TL/w Nav. The car on KBB is about 12K; I am in a negative equity situation. I think I owe about 16K right now; monthly payments are sky high as i am sure you imagine. A month ago I put new insurance on it, bought four new tire, and got my regular oil change. The transmission went on the car a couple of weeks ago. It is too expensive to fix it (estimate 5500)not including power steering rack!! Is there any way out of this to start fresh? I feel like this is a no win situation; how do I get rid of this car? Thanks! I have a 2005 3.2 Acura TL/w Nav. The car on KBB is about 12K; I am in a negative equity situation. I think I owe about 16K right now; monthly payments are sky high as i am sure you imagine. A month ago I put new insurance on it, bought four new tire, and got my regular oil change. The transmission went on the car a couple of weeks ago. It is too expensive to fix it (estimate 5500)not including power steering rack!! Is there any way out of this to start fresh? I feel like this is a no win situation; how do I get rid of this car?

Thanks!

]]> Comment on How to Escape a High Interest Car Loan with Negative Equity by Charles http://www.mynewchoice.com/2007/06/18/how-to-escape-high-interest-car-loan-with-negative-equity/comment-page-1/#comment-149986 Charles Sun, 08 Jan 2012 23:13:39 +0000 http://www.mynewchoice.com/2007/06/18/how-to-escape-high-interest-car-loan-with-negative-equity/#comment-149986 I have a credit score of 590, my wife 620 and I have a credit card in my name maxed out at $890.00 on a $700.00 card. Filed bankruptcy 3 years ago. I financed a $5,000 car last year then paid it in full in exactly six months, traded on another car and took another $6,000 loan for a 03 prius that now has 145,000, it is a pure lemon. I got a trade in offer of $2,600 and owe $5,500 after paying $300 a month for 8 months. I want out. I already have a dealer working on getting me into another vehicle where my difference will carry over into a new loan, before this car blows up. My wife and i work over 40 miles from home, and she works evenings, the car has left her stranded at work multiple times, and no mechanic can find the problem (even the toyota dealer, I cannot pay for the car AND get repairs, the new car *if this works* will hav 60,000 or less miles and a warranty. I took on a roomate and have added $300 to my monthly income which will be applied to outstanding debts. Am I likely making a mistake, my wife need something reliable as we also have two childeren one 6yrs and one 6mos. This car is dangerous in my belief. Thank you for any advice in this matter I have a credit score of 590, my wife 620 and I have a credit card in my name maxed out at $890.00 on a $700.00 card. Filed bankruptcy 3 years ago. I financed a $5,000 car last year then paid it in full in exactly six months, traded on another car and took another $6,000 loan for a 03 prius that now has 145,000, it is a pure lemon. I got a trade in offer of $2,600 and owe $5,500 after paying $300 a month for 8 months. I want out. I already have a dealer working on getting me into another vehicle where my difference will carry over into a new loan, before this car blows up. My wife and i work over 40 miles from home, and she works evenings, the car has left her stranded at work multiple times, and no mechanic can find the problem (even the toyota dealer, I cannot pay for the car AND get repairs, the new car *if this works* will hav 60,000 or less miles and a warranty. I took on a roomate and have added $300 to my monthly income which will be applied to outstanding debts. Am I likely making a mistake, my wife need something reliable as we also have two childeren one 6yrs and one 6mos. This car is dangerous in my belief. Thank you for any advice in this matter

]]> Comment on How to Escape a High Interest Car Loan with Negative Equity by Burt http://www.mynewchoice.com/2007/06/18/how-to-escape-high-interest-car-loan-with-negative-equity/comment-page-1/#comment-149978 Burt Wed, 04 Jan 2012 00:47:34 +0000 http://www.mynewchoice.com/2007/06/18/how-to-escape-high-interest-car-loan-with-negative-equity/#comment-149978 Once you are not upside down on a vehicle that will have 70,000 miles on it do you keep it for the life of the loan or do you trade it in on a new vehicle? Once you are not upside down on a vehicle that will have 70,000 miles on it do you keep it for the life of the loan or do you trade it in on a new vehicle?

]]> Comment on How to Escape a High Interest Car Loan with Negative Equity by ant http://www.mynewchoice.com/2007/06/18/how-to-escape-high-interest-car-loan-with-negative-equity/comment-page-1/#comment-149932 ant Fri, 09 Dec 2011 16:22:06 +0000 http://www.mynewchoice.com/2007/06/18/how-to-escape-high-interest-car-loan-with-negative-equity/#comment-149932 i traded in a car to carmax and had negative equaty on it, the car for trade in back to carmax was 22k, i owe 24k. my wife has a low payment on her car, if i rolled over the negative into a new loan or give the car back, and try to get a clunker, jst had newborn and need to pay debts. trying to have a low payment under 300.00, wonder if i Idont know if carmax would give me the maximum if I were to volutary give back car. Any thoughts? Ant i traded in a car to carmax and had negative equaty on it, the car for trade in back to carmax was 22k, i owe 24k. my wife has a low payment on her car, if i rolled over the negative into a new loan or give the car back, and try to get a clunker, jst had newborn and need to pay debts. trying to have a low payment under 300.00, wonder if i Idont know if carmax would give me the maximum if I were to volutary give back car. Any thoughts?
Ant

]]> Comment on 5 Easy Spending Cuts To Eliminate Debt by Elin http://www.mynewchoice.com/2011/08/23/5-easy-spending-cuts-to-eliminate-debt/comment-page-1/#comment-149799 Elin Tue, 01 Nov 2011 14:04:53 +0000 http://www.mynewchoice.com/?p=493#comment-149799 We need practical solutions, do not overlook #2 and #3. If you can't live without gourmet coffee, might as well get an affordable espresso machine. We need practical solutions, do not overlook #2 and #3. If you can’t live without gourmet coffee, might as well get an affordable espresso machine.

]]> Comment on How to Escape a High Interest Car Loan with Negative Equity by Migdalia Presley http://www.mynewchoice.com/2007/06/18/how-to-escape-high-interest-car-loan-with-negative-equity/comment-page-1/#comment-149782 Migdalia Presley Sun, 16 Oct 2011 09:36:41 +0000 http://www.mynewchoice.com/2007/06/18/how-to-escape-high-interest-car-loan-with-negative-equity/#comment-149782 Dismantle the car and take back to the bank. Dismantle the car and take back to the bank.

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