Underwater and Overwhelmed: Your Complete Guide to Escaping Negative Equity Loans

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If you have a negative equity vehicle where you're trying to get out of the car loan, as we've talked about many times on this channel, one of the methods to get your negative equity or upside down or underwater to be a lower number is to reduce the loan principal amount by getting rid of junk fees, getting rid of dealer add-ons.

Well, in the past, there was a lot of support that you had for doing this from government agencies. Well, in the wake of recent federal government budget cuts, some of the federal government agencies that would assist with this no longer have the personnel.

However, much of this is being taken up at the state level. This is a news article in a publication called Auto Finance News. It is a trade journal for car loan financial institutions and what they're saying is compliance challenges mount.

Underwater and Overwhelmed: Your Complete Guide to Escaping Negative Equity Loans
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