Upside Down Car Loans Complicate Finances, In and Out of Bankruptcy

It’s becoming more and more likely that the clients I see on a regular basis will be coming to me with a car loan that’s “upside down” — in other words, a loan that has a payoff figure which exceeds the car’s value.
How this happens:

Subprime borrowers get a high interest rate on the loan;
Borrowers buy [...]