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Consumer Advice

Posted: May 19, 2017

What to Do When You’re Upside-Down on a Car Loan

By Nicole Arata


When you owe more than your vehicle is worth, you are upside-down, or underwater, on your car loan. This doesn’t immediately spell trouble, but it can result in less financial flexibility and security. You face two major risks: If you get into an accident, your insurance will generally cover the damage only up to the value...

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