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Bad car situation......


bird4fsu
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Friend bought a used car 2 years ago with horrible credit. 22% interest

got a new job, with company car. Let old boyfriend have the car, pay car fee of $400/month. She continues to pay insurance.. $200/month..

Oldboyfriend stopped paying, and still drives car. 4 months now..said he had a heart attack, no job. She has been making all payments. Now paying 600$/month... not even driving car.

I am forcing her to go get car. Sell it upside down 5k. Get a 10% loan at 230$/month 2years. to finance the upsidedown payoff.

Comments? Anything different?

Thanks

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