David Topham


Articles Posted By David


Rolling Over Negative Equity and the Trade-In Treadmill Rolling Over Negative Equity and the Trade-In Treadmill

According to a report from Moody’s Investors Service released last week, negative equity is at an all-time high. Lenders continue to allow consumers to roll over negative equity into their next car loan at trade-in. Moody’s believes this practice has created what they call a “trade-in treadmill,” because it traps consumers in a cycle of never-ending negative equity on each successive car purchase.

Continue Reading

Receive Free Updates

Get the latest credit tips, resources and advice delivered straight to your inbox.

Connect with ACE