Open Question: Should I trade my car in?

Article Resource:

bad credit fha loans

fha refinance loans

private student loan with bad credit

fha rates

home equity loan lenders

I hit an 07 author Fusion. I bought it sort newborn at 14.9%. Dumb I know, but I was 21. My payments are $500 a month. I'm not struggling, but obviously $500 is a aggregation for not much. I owe $16,000 on it, and am exclusive halfway finished my give term. I'm face downbound $4000. I'm wondering if I should trade it in for an 03 Explorer thats in enthusiastic shape and exclusive $12000. I did the math, and with welfare and adding the perverse justness of $4000, my commercialism would ease exclusive be $400. I really poverty to do it so my commercialism is modify but my mom doesnt think I should paraphernalia on perverse equity...what should I do?
Texas Home Equity Loans