<prompt> Human: Throwaway.. 2013 started off as a great year for my SO and I. We both had decent paying full time jobs. Making 5kmonth both of us combined in August my old car paid off got written off so we had to get a new car. We got a 20k car which was about 300month. On our salary then this was no problem. About a month after we got the car, my SO went from full time to part time. Then literally a month after that, same thing happened to me. Ever since then we have been falling behind on our payments. We owe over 1000 in behind payments. Then today I got a letter from the bank saying my account is in default and they are demanding I pay the car in FULL in 10 days. So about 19K. What are my options here? What can I do? Any advice is greatly appreciated.  <response>: Losing the car is probably the best thing for your circumstances although its unfortunate that its going to happen due to repossession instead of selling it; repossession aint good for your credit score. You cant afford the car. To replace it, youll need to buy as cheap a car as possible that still runs, and youll probably need to pay all cash, because its doubtful youll be able to get another auto loan so soon after defaulting on your current one.How much have your incomes decreased by? You both need to look for new jobs yesterday. 