Amputation

Well, we begged, borrowed and stole until we came up with the $1803.37 we needed to get Toni's truck back.

Then we were told it's be another $500 to get it back from the impound lot.

> pulls hair out <

This put us in a position where we were forced to ask ourselves a question: When is enough enough?

Then we asked ourselves it it better to owe $12,000 (the payoff on the vehicle) or to take the hit on our credit score and owe maybe $5000 instead? Over the next few years, we'd save nearly $7000, plus another $100 a month on insurance.

I've already surrendered mine back to the bank and agreed to take the hit. I'll save about $8000 to $9000. Should we lets hers go as well?

We already know making the payments on both vehicles has proven itself impossible, and in all reality her's is very likely to get repo'd again, just like mine was. That fact makes it very hard to swallow paying another $500 just to have it go to waste within 90 days, and I don't have any money to spare.

We know a repos will be on there for a long, long time.

In three months we'l have saved enough to pay cash for a decent used car (something Japanese with 4-cylinder) and only have to pay $50 a month to insure it. And we can get by one one car, too - at least for now.

And that'll be one less creditor that calls, too. They typically call 4-5 times a day - just on her car alone.

As much as I hate to have both of us have a repo on our credits, it'd save us nearly $15,000. It it worth that much to have terrible credit for the next 7 years?

This is what we're trying to figure out tonight. It the kind of thing poor people discuss while getting ready to work their second jobs :-)

Your comments, opinions and thoughts are welcome.

375, yo.