Judi takes out a loan to purchase a vehicle and makes regular, on-time payments. One month, though, unexpected expenses force her to miss a payment, which she makes up the month that follows. While she is in the process of paying back her auto loan, she decides to take out another loan from her bank to purchase a car for her son. How are Judi's financial decisions likely to impact this process?
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Judi takes out a loan to purchase a vehicle and makes regular, on-time payments. One month, though,...
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