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Car loan at a negative equity
Car loan at a negative equity Hi! Asking for a friend, they currently have a $13k value car with $29k auto loan. It was purchased in 2022 for a $35k price, they pay $1000 per month and it has only gone down to $29k after 2 years. They said they had really bad credit (600s) when they purchased the car and they also traded in an old car for a new one. Now, their credit had inc...
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