financialDebt
#RI-6a23c453·6 months ago·
2
“Owe $15,000 on a car loan”
What Actually Happened
The car is worth much less than the remaining balance, making it financially impossible to keep
What I wish I knew
"Refinancing isn't an option due to low credit score"
Advice to Someone Facing This Now
If I could tell you one thing
"Consider voluntary surrender and Chapter 7 bankruptcy to deal with deficiency balance"
Regret Index
8/10
Clear regret.
The downsides outweighed what was gained.
The downsides outweighed what was gained.
Advice for Someone Facing This
Short, upvotable wisdom. The most helpful rises to the top.
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financial Category
1,609
financial decisions logged. Avg regret 5.4/10 across the category.
Same Outcome Band
43%
of financial decisions land in the severe band the same as this one.
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