How can I get out of $5,000 negative equity on a car loan?
"I bought a car about a year ago at 36 months for 18.9% interest, as I'd just come out of bankruptcy. My intent was to build some credit, but I've realized I'm paying nearly 50% more toward interest than the principal.
My credit score is still in the 500s and my car is worth only $3,500, but my loan balance is $8,500. Is there any way to get out of this negative equity? "