Financial horror story

iVillage Member
Registered: 04-12-2007
Financial horror story
2
Thu, 10-23-2008 - 9:34am

There was an interesting story on the local news this morning that I thought I'd share.


A man in his early 50's

Avatar for fire_bug
iVillage Member
Registered: 03-25-2003
Thu, 10-23-2008 - 9:39am
Poor guy! One thing I've never done is trade in a car before it's paid off. This story makes me even more certain I never want to do that. I just can't see myself adding the remainder of a loan for a car I don't have anymore on to the loan of a car I probably can't afford anyway.


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babies




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iVillage Member
Registered: 04-12-2007
Thu, 10-23-2008 - 5:30pm

I haven't been upside down in a car loan in a very long time, but I have often traded in vehicles while still owing on them.