The Expert Podcast

Look, it's not just automobiles anymore. Even discount retailer Walmart is starting to see cracks in the armor in the economy. Their CEO came out and said that consumers are being stressed financially and their value went down by 22 billion because consumers are not buying as much. And this is Walmart. This is not Saks Fifth Avenue or Gucci or Tiffany or any high-end retailer. This is Walmart. So if Walmart is seeing stressed behaviors in consumers, that's happening everywhere.

What does that have to do with your car loan? Well, it means that the values of used cars are going to drop. It means that people with high interest rate and high balance car loans are going to be in trouble financially because if employment starts to drop and you start having more inflation on pricing, it's going to be tough to pay your car note. If you have a car payment that's seven or eight or $900 or more, 20% of people have a car payment that's over $1,000.

You have access to live one-on-one consultation, undivided attention of a licensed certified expert in this subject and many others. We want to listen to your story. We want to hear your questions and give you expert advisement of your options. We want to tell you what we know about your situation and what options you have.

You're going to start seeing more and more people not being able to afford them. That's why a car short sale is becoming more of a popular option. It's a way to get out of your car loan where if you're upside down in your car, meaning that you owe more than it's worth, it's a way to have that car loan still be able to be resolved or you can sell your car, get into a new vehicle, or not have the vehicle and not have to come out of pocket in cash that entire negative equity amount.

So, don't feel like this is exclusive to you. Consumers in every category are starting to be stressed out on finances. It's affecting car loans and it's probably making the value of your used car less because there are fewer buyers that can afford to buy even used cars. And with the payoff as high as yours is, you're not going to be able to get a buyer that high. That's why you need to get a short sale approved so you can sell your car for less money than what the loan is and be able to get out from underneath that high car payment that's probably stressing your budget.

Thank you for watching. Remember, you can access live one-on-one personal consultations with a licensed private investigator, a licensed commercial insurance broker, licensed certified real estate title examiner, also a certified civil court mediator. So, if you have a need to talk to an expert in any of these fields or even a licensed building general contractor, you can click the link below, actualhum.com, and arrange a live one-on-one undivided attention with a licensed expert where you can ask any questions, get information about your situation, and we'd be glad to help.