I can't say I agree or disagree with everything a president has done, but I stand by my vote, I feel Obama was a better choice then the McCain/Pallin ticket. I did a lot of research and I was not much of a fan for McCain during the debates, but when he took Pallin as a running mate, that really worried me. Something most people don't realise, Pallin has ties to an Alaskan successionist group (for those who don't know what that is, it means they believe Alaska should be it's own country). If I recall, she was not a direct member, but her her husband was (if she was a member, that would ruin any politic career she was starting), but there were reports of her actively speaking at some of the events of the group as recent as about a year before running with McCain. I have trouble believing with that involvement she would aid in serving our country well. As for McCain, I feel he was too much of regurged ideas that did not work in the past 8 years, why would we keep going.

As for your ability to afford loans, rent and mods, I have to agree with Trewyn. You got these loans knowing what they were and sounds like plans to "change" the game later (with a consolidation loan). Due items beyond your control you are over extended. I know you claim the $2000 in mods for the Monte would not put a dent in your loans, I have trouble believing that. $2000, spent properly can go a long way! Over a year ago, I was looking at being unemployed (company out sourcing my department). I have a wife and two dogs relying on my to keep our house and way of life. I was looking at EVERY cut back we could make and ways to minimizing affecting our quality of life and keeping the things we wanted (and I had layed our possible sacrifices). I worked like MAD to get a job lined up and things played out well.
You may need to look at a better job, maybe a second job. You may have to sacrifice free time and toys to get your finances where you need them to be. We all have to hold some level of accountability for what we sign up for. And that's the problem in America today and that is why the housing market tanked. People diliberately and knowingly over extended themselves and now point blame at the Banks because the Bank allowed them to do it. Sure, the Bank should have known better but in the end, the Bank did not force people with a gun to their heads to take the loans.

 

What Im saying is I can spend 2k on monte because even If I went to rent and spent 2k on rent that would give me 3 months. after that I would no longer be able to keep up. and ammo I haven't bought in 2 years because its almost $50 a box. I pay tax and I pay loans dont think its fair I got penalized for attending a private university. Or that he can pay welfare for ppl who don't want to work but not disability for my mom who worked her whole life and is so broken down she cant walk. To fix the problem stop paying ppl who refuse to get a job because government pays their bills. Use that money on something beneficial. I didnt want gov to pay my loans I wanted them to consolidate them and let me pay over a longer period because I owe as much as some homes. I cant because I went to private university not a public one. Even tho our pre-med program blows alot of public schools out of the water. Not my major but an example.

And I work almost 50 hrs a week. I get free medical, dental, ect. 3% match on retirement. and make decent money. I got these loans because I played football and need them to cover the rest of tuition. I got no gov aid like most of my friends. Even If I sold monte, my dart swinger, already sold lumina, sold all my guns, that would maybe cut loan by a quarter. I already spend the mortgage on a 80k home in gas every month. Work picks up some only when I drive over 81 miles round trip. Drove 170 round trip on tue they paid for the trip plus a little extra. Believe me there is not a whole lot of jobs better right now. You can say all you want but how is it fair that a public university loan can consolidate but not a private one? Both are equally difficult but private university cost more. basically paying for classes of 15-45 instead of classes with 200-300.

 

Have you tried to find any private consolidation options? I know that you can't get the federally consolidated loans, but there are still plenty of places that will consolidate for private.

 

I dono... Uncle Sam paid for most of my collage (US Navy) I have student loans I took out to continue on for a higher degree. I pay them each month (More than minimum payment required)

I knew what it would be when I took them out. As far as the Mr. Obama??? We could of done worse or we might of done better (Maybe) but he is our President and deserves our respect, what he can or can not do is limited by Congress.

I just try to get my student loans paid off as soon as I can. We paid off one big one just recently. The president does not have enough power to catch all the blame; we have an intricate system of checks and balances.

Again that is why I don't drive a Fancy Corvette, but live in a modest good home and drive an awsome Monte (I think anyway) and pay my student loans cause I signed an agreement.

Hang in there they eventullay will get paid ... pay more than the minimum amount due they will go faster. Good luck in your endevors that collage has afforded you.

Ultimatly our destiny in this life is up to us.

Footnote here too. I am 58 this year and also trying to save for retirement. I have no pension just my 401k and hopefully social security will be around when I am 62. No one else cares that I want to retire some day so it is up to me to prepare for it. So my resources are spread rather thin also.

 

Yea I will pay them I never said I shouldn't. The problem I had was the private school bashing. I looked into it. wells fargo will do it but put me at around 12% interest. That gives me the about the same payment amount but over 25 years instead of ten.

 

Awesome points.

@Mr Grizzly Mint - Tad brought up a good point, have you checked to see if there is a consolidation loan you can get elsewhere?

I also agree Obama can hardly be blamed 100% for all this. Anything done was not done by him alone.

I agree that it's a shame that people are out there abusing the Welfare system. Or the housing market. It stinks I bought my home like a responsible person, watch these people who knowingly made bad decisions get bailed out, yet I get no kick back for doing the right thing. The best we can do is contact our elected politicians and voice our dis-satisfaction with these systems and that we want them looked into for improvement.

But the bottom line is you don't need to do any work to the Monte if it's running. The Monte gets good fuel efficiency for a v6 stock. I understand having a long commute (I've done a lot of that AND had to pay parking, more so when I was fresh out of high school then recent years). The best thing you can do is figure out way to minimize your debts or get them to be manageable.

 

All I have left to buy for monte is hood and body kit. Wont touch powertrain because it is under warantee for another 31k miles. I just wanted to buy a house because money wise it is smarter and cheaper then rent. Rent is like a lease. You pay for something that is not yours and when you want to get something different you have no value to put towards another item.

 

That right there is over $2500 with everything all said and done... If you are really upset about all of this then that money should be put in a savings account or set aside so that you can put it towards a house or your loans etc...

You need to know your priorities, I currently work 3 jobs along with being a fulltime student, that's anywhere from 40-70 hours a week of work along with being in 6 classes, 18 credits of school, so that's almost 90 hours a week between work and school, but I'm able to maintain my Monte, housing and loans because I prioritize them, and my Monte is the last on that list.

Just something to think about, not trying to attack you but you make a thread saying how Obama is screwing you over yet the money you do have you want to put into your car.

 

Thats because it wont touch my loans. I did the college student thing never asked for anything but freedom. I wanted to consolidate and extend my loans through the gov and souly because it was a private university I cant. And my job does not allow you to have other jobs part of the agreement to work there is 24-7 availability. It does not make any sense on not being able to consolidate. They would get more money in the long run.

 

Funny you should mention wells fartgo.....


Cpl months ago i found out the charge daily interest on your car loan.

I was 6 months ahead on my payments and they had the nads too charge me late fees....because i payed the payment early and not on the "do" date sheesh....
Then come to find out...they moved out of michigan! as if i wasnt pissed enough.....So when i pulled the balance of the loan out of the bank to pay it off..thats when i found out they left michgan Grrrrrr.

I had to drive 2hrs to Indiana just to find a branch to pay it off!!!
did they cut me any slack cause i had to drive all the way to friggn Indiana?? Heck NO! so not only did they screw me with there interest bs...but i had to go out of myway to take care of business and pay them suckers off just so they wouldnt rip me off any longer...needless to say i payed it off 2 yrs early!!!!

Thankfully it was a nice day and very scenic going thru the irish hills here in Michigan....which allowed me and the mrs to relax and enjoy the ride home in peace....

I will never use Wells Fargo ever again on a car loan !!!!
OR FOR ANYTHING ELSE!!
What A RIPOFF!!!!!