Debt Free In 30
For many people, a car is a necessary expense to get to work and run errands. But what if you unintentionally bought too much car and your car loan is now creating financial problems? What are your options? Is it possible to get out of a car loan? On today’s podcast, Ted Michalos and Doug Hoyes discuss when you might want to hand your vehicle back, how to do it, and what happens with the loan shortfall. Tune in for lots of practical advice!
Voluntary Surrender: Should I Hand My Vehicle Back? https://www.hoyes.com/blog/voluntary-surrender-should-i-hand-my-vehicle-back/
2:38 What is negative equity
10:32 Budgeting for car expenses
15:30 When should you give your car back
16:58 How to give your car back
What is debt free in 30? Doug Hoyes and Ted Michalos, licensed insolvency trustees, explain the Hoyes Michalos “Debt Free in 30?” approach to solving debt problems. Give us 30 minutes to review your situation and answer your questions, and we can help you make a plan to be debt free. Let’s get started.