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Can't Afford Car Arkansas City KS

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.

AutoLoansInKansas.Com
Topeka, KS
 
Midwest Regional Credit Union
(913) 755-2127
557 Main St
Osawatomie, KS
 
first american finance - payday loans
(785) 259-8243
1409 w crawford st
salina , KS
 
Mortgage Savings Program
(913) 533-4111
13650 W 249th St
Louisburg, KS
 
E Z Loan Auto Sales
(316) 522-5828
2850 S Broadway St
Wichita, KS
 
First National Bank
(913) 837-5191
1201 W Amity St
Louisburg, KS
 
Farm Bureau Financial Services
(913) 837-3237
106 W Amity St
Louisburg, KS
 
People'S Bank
(913) 837-5321
212 S Broadway St
Louisburg, KS
 
Advance America Cash Advance
(913) 294-1118
301 Angela St
Paola, KS
 
First Option Bank
(913) 837-3900
PO Box 458
Louisburg, KS
 

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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