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How can I get out of an upside-down car loan? – My payments are really high and I can no longer afford them, but I am now majorly upside down in this loan. Is there any way I can get out of it? Dear Scottie, Although it’s getting easier to.
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Upside Down Mortgage Refinancing – A Home for your Family – There are ways to refinance upside down mortgage loans despite popular belief. In the current economic environment banks are refinancing under water mortgage loans, making principal write downs, extending loan terms.
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Record number of car buyers ‘upside down’ on trade-ins – DETROIT — The wave of easy credit and longer auto loans has left a record percentage of consumers trading in vehicles that are worth less than what they owe on their loans. In auto finance parlance,
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Upside Down Car Loans: Trading in Car with Loan Debt – Refinancing an Upside-Down Loan Another option is to refinance the car with a new loan. If interest rates have dropped appreciably since you took out the original loan, the refinancing would allow you to pay off the car faster, or at least get some equity in it.
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