Here's yet another horrible auto loan

The more I see these bad loans on peoples credit the more concerned I get. I got another here for you guys today. A couple with a cosigned Honda Accord they got earlier this year. I’m assuming it was a top trim Accord EX-L or Touring. They financed it for $31,300 for 73 months at, wait for it, $881 a month. Whats more insane is that they got the car in February. When we ran their credit this past Wednesday, the balance on it had increased to $31,900. Digging themselves deeper.


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