Kevin Mercadante , Author at Money Crashers

How to Get Out of an Upside Down Car Loan With Negative Equity

Kevin Mercadante — Sun, 14 Feb 2021 17:00:00 +0000

In the housing industry, it’s called “negative equity.” In the automotive industry it’s called being “upside down.” In both cases, it means the same thing: You owe more money on an asset than the asset itself is worth. When you’re upside down on a car loan, you can end up in big trouble because a

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The Real Cost of Using Credit Cards – Other Than Interest Rates, APR & Annual Fees

Kevin Mercadante — Wed, 16 Feb 2011 21:00:55 +0000

For many people, credit card debt becomes just another burden they feel they have to bear. They become complacent, continuing to carry balances throughout their working lives, and into retirement. How do you get to the point where credit card debt is just a fact of life? One answer to this question lies in the

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