Will Honda trade in my car for a new one with bad credit?
I have had my Honda for about 3 years. Always on time with my payments. I would like to trade it in for a new one but I have since ruined my credit with defaults on credit cards and student loans. I'm filling for bankrupsy soon. My question is will Honda trade the car in for me because I have been loyal and i have established good credit with them?
No. And even though you have paid them, you have not paid a lot of people and your credit includes all your behaviour. Based on your finances, you can't afford a new car. There's nothing wrong with a three year-old Honda.
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