Is there a word for being deeper into my auto loan than my student loans and my rent?
My student loans are just a little under $110/month combined for the two zero-interest private loans that I have left.
My rent is $450/month, raising to $475/month in June.
However, my auto loan is just a little under $500/month, but still higher than my monthly rent from next month.
So is there a term for having an auto loan whose monthly payments are higher than my rent? And whose total balance is higher than the total balance of all my remaining student loans?
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