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Why did my car loan interest rate skyrocket?
Why did my car loan interest rate skyrocket? Hi all, I got into an accident a few months ago and totaled my car. After the insurance payout, I went from around $12-13,000 left on my loan to around $800. My interest rate normally was 7.99%. I figured, with a payment of $320 monthly, I could pay it off in around 4 months. However I noticed my last payment only lowered the amount to $700 whic...
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