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upside down car loan
I am upside down on a car loan for a toyota matrix the car has been hit and run 2 times and my wife has backed into a fire hydrant and broke the front bumper (plastic) off with a curb. I owe 12k and the car not counting damages is worth 8 and some change.. My wife and I both Hate this car with a passion and want something else. Considering my score has gone up over 100 points since i purchased this could I trade it in on a nice reliable car that ew both like and just swallow the dif. of value? Would this have any effect on my credit? I am aware I would be upside down again but it would be worth it i think... I show a 725 credit score on this site.

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