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Car debt is piling up as more Americans owe thousands more than vehicles are worth

Two out of 13 people make monthly car payments of $1,000 or more

Bloomberg News

Chris Martin knew he needed a bigger car as the birth of his fourth child approached, but he and his wife were already $14,000 underwater on their two vehicles. So the couple proposed an unusual two-for-one deal with an Atlanta-area auto dealer in 2020: trading in both of their vehicles so they could afford a […]

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