Finance Questions? Ask a Financial Expert for Answers ASAP
I appreciate the opportunity to help!
While I do agree with the previous answer given, I would not recommend even thinking about bankruptcy at this time. You did not provide any detail as to how much debt you have, but you are on the right track. Consolidate debt and get rid of the credit cards (at least all but one). Make this a learning experience on what not to do with credit cards.
You can get an idea of what the car is worth at:
If its worth about $20k (depending on condition and mileage) a bank may only lend up to 75% of that value. maybe less because of age. A bank loan will depend on your credit history, of course. If the local bank or credit union won't do the loan, then look to a finance company. Terms will not be as good, but are a bit negotiable.
Do a google search for finance companies in your area...