These values will be much less than you could sell your vehicle for in the newspaper or on Craigslist).
If you have any other valuable asset like a boat, motorcycle, RV, mobile home, non-RRSP mutual funds or piece of property, your bank may be able to use one of these assets as security as well.
By increasing your income you can pay off your debts faster, and by cutting expenses you can save money to pay off debts faster.
If you are able to do both, then you will be able to pay off your debts even more quickly.
If you have a mortgage, you might look to see if you have enough equity in your home to consolidate your debt with your mortgage.
You may have to be willing to make short term sacrifices for a better life in the long run.Lending money to family members involves added risks.If a relative lends you money, but then you lose your job or get hurt and are unable to pay them back, that may sour your relationship with them.They may be able to give you a ,000 unsecured loan (10% of your net worth), but not much more.When the economy is doing really well and jobs are easy to find, some banks may lend people much larger amounts of money without requiring any security, but this is more of an exception rather than the norm.If you find yourself doing this every year or two, that means that you are spending more than you make, and it is going to take forever to get your mortgage paid off at this rate.