Can’t make your car payment?
No, not the loan statement…..the car.
I read an interesting piece in the wall street journal today about the rise of Insurance Fraud as more and more police are finding burned or abandoned cars in Las Vegas.
This is bad. Very bad. If you can’t afford your car anymore…you don’t deserve the car. Work out a payment plan with car maker…most companies really, really, don’t want to repossess your car. It’s costly for them, sometimes a legal liability, and they don’t want your car. So, get on the phone and work something out.
Don’t go all felon and start burning stuff up. That really can’t be good on mother nature either.
Look, your credit score is important. But it’s not worth committing a crime to keep intact. If you lose the car and it gets repossessed your credit is going to take a hit.
Big deal, you should probably be paying cash for stuff anyway.