is this a bad plan? trying to “refi” a car loan

is this a bad plan? trying to “refi” a car loanis this a bad plan? trying to “refi” a car loan
MangosteenMew asked 4 years ago

I’m wanting to fix my credit as I’m getting married and want to buy a home in the near future (2 years is my goal, and the family property is …. 420k) 

 

I currently have some things in collections and a very bad car loan 29.99% 

 

I’m thinking about trying to get a personal loan from a bank with a co signer to pay down or pay off the car loan so i can sell the car buy something cheaper and pay down / off old debt to make it current….

 

I have a truck I own free and clear but using that to secure a loan is unlikely as it has a branded title and is an older truck 1999…. 

 

(the truck is not a daily driver due to cost of use 8mpg)

 

any suggestions… 

 

I’m trying to avoid CCs until i can get a decent one 

 

also two of my bad debts are capital one and credit one….

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