I got married in October and took over as the CFO of our finances. My husband's credit is in really bad shape and his payment history is not great. Since I took over payments are now being paid in full and on time. I know we'll get through this and it will take a lot of time before his credit is good but the one issue I have is his ATV (4 wheeler) loan. He now owes more than what it's worth, probably about 3K and the interest rate is 23%!!!! My credit is in the process of rebuilding so I don't think I would be able to refinance it or purchase it in my name. It's killing me that only about $40 of the $190 is going toward the principle each month. At this rate we'll be 80 years old with a 4 wheeler payment! ha ha... what do you suggest I do? Do I have any options or something I can do to get the interest rate down so we can get this paid off?
