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GOBankingRates
Angela Mae

Why Car Payments Are the New Credit Card Debt Trap

Sneksy / iStock.com

Struggling with debt is never fun. Whether it’s credit cards, auto loans or something else, those monthly payments can cause a lot of financial stress. But while many experts agree that high-interest credit card debt is still a major problem, car payments are also becoming a debt trap for many consumers.

Find Out: 5 Cars With Trade-In Values So Low That They’re Not Worth Selling

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