We bought a new car with a 10% interest loan, and now finances are tight – are we stuck?

24/7 Wall St.

Meet Rachel and Mike, a couple in their 30s with three kids. When their third child arrived, they decided they needed a larger vehicle to accommodate their growing family. With limited options, they took out a loan at 10% interest to finance a new SUV. Now, a few years later, they’re feeling the financial strain. […]

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