<prompt> Human: Back in April I bought a car for about 8k via financing. Well, it turns out I cant really afford the car, and Ive been late on almost every payment, especially since my insurance payments almost doubled as well for full coverage. Its having a huge impact on my life, and Ive been juggling my bills each paycheck Ill pay the late fees on this one next month, pay this one now, let the other one sit for about two months, eat toast and Ramen for the next month, etc. What can I do? My other vehicle isnt in operating condition at the moment, and it would probably take a few hundred to get it running properly again. Can I even get rid of the car I cant afford if I still owe money on it? If it helps, I can detail my monthly expenses in relation to income after work. Edit: Income 1600 Rent 270 Car payment 200 Insurance 130 Utilities 30 Foodhygiene 200 Phone 100 Credit card 100 Student loans 100 Gas 80 Addictions 360 Misc 100 Outstanding debts Car 8000Student loans 8000Credit card 3000Note that starting last week, I have reduced my addictions category by about 220 by making my own cigarettes. Also note that the misc category includes things like clothes and entertainment. I included all the expenses I can think of, though I could have missed something. Assistant: In order to get rid of the car aka sell it, you need to sell it for enough money to cover the outstanding balance on the financing. Lets assume this isnt likely.First, if you sold your nonworking car, would you get a few hundred bucks to help afford the car that is working? Cook those numbers first.Second call the financing company and ask if they can grace you a months payment ... Im having trouble making ends meet. If you can defer payments for onetwothree months, Ill get back to normal - use that month to save and plan do all that practical financial stuff to get back on your feet as it were. The answer will be probably no but its worth asking. Because if you continue the way things are then...Option B is calling them and saying I cant afford it. Take it back - or waiting a few months for them to repossess it. This will cost the financing company , so if they can avoid it like giving you a months grace they will try that first.Human: Alright, Ill see if I can talk to the lender on my next day off. I may be able to get a couple hundred for my non-working vehicle as well; Ill put it up on Craigslist later this week hopefully to see if I can do that. Also, considering this is only one of my many debts, what if I were to file for bankruptcy? I dont know too much about bankruptcy, so I dont know what kind of effect this could have on my lifefuture.  <response>: Thats an absolute last resort 