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Can't Afford Car Ashland KY

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.

Frankfort, KY
Signature Motors
(270) 678-5700
1419 happy Valley Rd.
Glasgow, KY
Pawn Shop Express
(606) 324-7296
2166 Winchester Ave
Ashland, KY
Check Advance
(606) 324-6614
726 Greenup Ave
Ashland, KY
Eagle Mortgage
(606) 324-7570
1401 Greenup Ave Ste 100B
Ashland, KY
the car store
(812) 987-4041
6801 preston hwy
louisville, KY
Check 'n Go
(606) 325-8888
224 15th St
Ashland, KY
Advantage Bank
(606) 324-5138
1640 Carter Ave
Ashland, KY
Beneficial Kentucky Inc
(606) 324-3155
1140 Winchester Ave
Ashland, KY
Cash Express Llc
(606) 928-1039
8136 US Route 60
Ashland, KY

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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