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Can't Afford Car Bennington VT

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.

AutoLoansInVermont.Com
Montpelier, VT
 
Keybank
(802) 863-3500
1127 North Ave
Burlington, VT
 
Keybank
(802) 476-4135
315 N Main St
Barre, VT
 
Keybank
(802) 476-4135
315 N Main St
Barre, VT
 
Chittenden Bank
(802) 257-7151
100 Main St
Brattleboro, VT
 
Citifinancial
(802) 440-9991
210 Northside Dr
Bennington, VT
 
Green Mountain Mortgage
(802) 496-2456
40 Bridge St
Waitsfield, VT
 
Farm Credit of the Connecticut Valley Aca
(802) 295-3670
6 Farmvu Dr
White River Junction, VT
 
Citifinancial
(802) 748-5742
1184 Main St
Saint Johnsbury, VT
 
River Valley Credit Union
(802) 387-5871
Main Put Vt 05346 MA
Putney, VT
 

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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