ilmscore | Car Loan Strategy Predictions
N/A
Accuracy

Recent Predictions

Total: 3
Correct: 0
Incorrect: 0
Pending: 3
Unrated: 0
Prediction
Author
Predicted at
Status
Video
The speaker suggests selling the current car to reduce debt and borrowing $10,000 for a reliable used car, reducing the total car debt from $41,000 to $20,000.
"I might borrow $10,000 to cover the gap once we make some more progress on debt and boost your credi..."
Oct 15, 2025
Pending
Predicts that foreclosure rates on car loans are dependent on the remaining principal amount, suggesting it's usually manageable.
"No, no, no. So the 1 to 3% foreclosure rate that you're paying is dependent upon how much principal ..."
Aug 1, 2025
Pending
Consider selling the current car to downsize to a cheaper vehicle and reduce debt, despite potential initial concerns about the car's quality.
"one thing I would consider doing is selling this private sale, getting $10,000 car, and getting a $1..."
Jul 9, 2025
Pending