Alexander P. asked

⚖️  Law

I bought a new car and plan to voluntarily surrender my old car, which is upside-down by $6100, while continuing to pay toward the old loan. How will this affect my credit, and what steps should I take to minimize any negative impact?

November 14th, 2023

Marcus R. answered

Your credit should not be negatively impacted as long as there are no debts in arrears. To ensure th...

November 14th, 2023

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