Car and over all finances

[Cleanup_for_better]

I have a situation that I am not sure if this is a good place to post but I would like some advice.

I am in a bad financial situation, hence me being here looking for advice.
I have a car that I am buried in. It is a 2005 and I am currently carrying $16,020 negative equity in the vehicle, about a month behind on payments, and struggling to make ends meet with gas (averaging about 12 miles to the gallon and $65 a week to fill up). My credit score is in the pits around 530 FICO.
I definately cannot come up with $16K for a trade in, not even close.

I got laid off last June for three months and now I am making 20K less. So the car is way more than I can handle right now. I am paying $777 a month which is killing me on top of the gas.

Do I have any option with the credit and negative equity situation? I can't even re-finance to get the month payments down because of my credit score.

Thanks,

[scorch]

Welcome to the forums. You can probably save money on gas by riding the bus! A lot of transit systems have what is called a park and ride, where you can drive to the bus or train stop and use that ride to get to work or wherever you need to go. Typically a monthly bus pass will run around 50 to 60 dollars. There are actually a few ways you can fill up to get a bigger bang for your buck, ie fill up in the morning when it's cold, fill up slowly, don't fill up when a truck is filling up the pumps etc. Maybe you can find a second job or donate plasma. If you donate enough, you can fill up your tank every week. As far as your monthly car payments, couldn't you get a credit card to pay it? I'm not sure what your score would have to be for an unsecured card and I know it sounds like you could end up paying a lot more than 16 K in the long run, but what is more important to you? Your car or your credit score?