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Can't Afford Car Aberdeen SD

If you can't make car payments and in danger of having your car repossessed, you might have some options. Learn what you can do to save your car and your credit.

AutoLoansInSouthDakota.Com
Sioux Falls, SD
 
Action Bail Bond
(605) 216-4395
Aberdeen, SD
 
Action Bail Bond
(605) 228-9844
Aberdeen, SD
 
Surety Finance
(605) 229-2300
1714 6th Ave SE
Aberdeen, SD
 
Money Lenders
(605) 225-8666
124 6th Ave NW
Aberdeen, SD
 
American Family Insurance-Mark Jorgensen
(605) 225-7970
518 Moccasin Dr
Aberdeen, SD
 
Action Auto Sales
(605) 216-4395
1123 6th Ave SW
Aberdeen, SD
 
Citifinancial
(605) 225-9133
522 Moccasin Dr
Aberdeen, SD
 
Dollar Loan Center
(605) 225-5626
119 6th Curv
Aberdeen, SD
 
Wells Fargo Financial
(605) 229-3753
204 S 1st St
Aberdeen, SD
 

Can't Afford Car

In a tough economy when jobs are being lost and finances are tight, it is often a struggle to make car payments. Many people find themselves in a situation in which they are behind on car payments and can no longer afford their car — or can't afford payments to buy another car (see ).

Cars are being repossessed and returned to banks and finance companies at an alarming rate. Even when people can no longer make payments and voluntarily return their cars, they find it doesn't solve their problems. In fact, it often makes the problem worse. Problems are especially acute for people with upside down loans – they owe more than their car is worth.

If you arrived at this page because you are looking for repossessed cars for sale or auction, see our article, .

To stop making payments on a car loan, or having missed a series of payments, puts the car loan in "default." The definition of "default" can vary between lenders, but it is always defined in the loan contract. It defines the conditions under which a loan goes into default and what can happen as a result.

Let's take a look at the problem and examine some possible solutions.

Refinancing your car loan or lease
Many people feel that if they could just get a little lower monthly payment, they could keep their car and continue paying off their loan or lease. One way, they feel, is to refinance their loan or lease. It seems to work with home mortgages, so why...

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