/u/chronicallyalive on I need 3K/mo for a $700 car payment, $500 in food, $1.7K for rent & bills. My rich parents only put aside a set amount to help & now they are refusing to help anymore. I told them I was homeless to try to get $ but they aren’t payin

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The car payment is likely that high because of the interest rate. If you have bad credit (and a lot of people do so no shame, I’ve been there) then you end up in the position of needing a car and the only loan you can get has an APR of 20% or so. I have a loved one with a very bad credit score and their car is around 10 years old and their payment is about $600/month because the interest rate is around 20%. They knew it was a shitty deal but they have to have a car for work. It sucks.