As of late, we’ve seen a disturbing situation emerge for many families – it’s something we call the “death spiral.” The spiral is what happens to people stuck in a high interest car loan, with payments they can’t manage, and strapped with a car (they probably didn’t ever want) and worse - the car has constant maintenance problems. The lender and car seller hope that the car comes back and you default on the loan. Why? It’s because these groups can sell the car again, and again and make even more money off your mistake in judgment. It’s a vicious cycle and it ruins families, credit and confidence. We at Smartway Advisors have helped many families and individuals get off this dreadful spiral and start fresh. If this is your situation, it is worth the call; it’s worth a few minutes of your time. We are here to help people succeed. www.SmartwayAdvisors.com or call us at (503) 795-7700.
