2010 Fall Car Guide
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When your car loan is killing you

Have someone assume your payments
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Another option, if you can swing it, is to find someone willing to assume your payments and take the car off your hands.

"Whoever assumes your loan must be deemed creditworthy by your lender," says Williams. "To find that person, you can advertise. But be sure to check with the lender to find out what it requires and what the application process will be."


 

 

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Tara Baukus Mello

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