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I Am Thinking About Turning In My Car

by Susanne Robicsek, North Carolina Bankruptcy Attorney

Turning in a car to get out from under high car payments may backfire.   Many people think that a “voluntary” repossession won’t come back to haunt them, but any surrender or repossession of a car that does not pay off the loan in full can lead to big debt problems for the borrower. When you [...]