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My friend needs to get out of a car loan with the least possible damage
My friend needs to get out of a car loan with the least possible damage My friend bought a car and financed $14,000. Now she finds that she can't afford the payments. The dealer offered to buy it back for $6,000 but wouldn't she still owe the remaining $8,000? Can she just walk away from the car and let it be repossessed? What are the consequences of that? Personally, I have always been very cautious about debt so I...
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