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Can't Afford Car Blue Bell PA

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.

Pennsylvania Auto Finance
(215) 798-0752
1650 Market Street
Philadelphia, PA
 
Flagship Credit Corp.
(800) 707-0114
3 Christy Drive Suite 203
Chadds Ford, PA
 
Brookville Motorsports, Inc.
(814) 849-0004
1167 Route 36
Brookville, PA
 
Clarion Ford Mercury, Clarion Chrysler Dodge Jeep
814-226-7440 814-226-9550
1214 East Main Street
Clarion, PA
 
Greencastle Lube Center
(717) 597-2500
10680 Antrim Church Road
Greencastle, PA
 
AutoLoansInPennsylvania.com
(717) 884-9911
Harrisburg, PA
 
AutoTrakk
(888) 689-7117
1500 Sycamore Road Suite 200
Montoursville, PA
 
Grivner Agency
(570) 643-2222
Rt. 940 & 115 (Blakeslee Corners)
Blakeslee, PA
 
Leadbetter Auto Body
(814) 379-3421
93 Maple Street
Corsica, PA
 
T.J. Mcgeehan Sales & Service, Ltd.
(570) 443-8224
Rr2 Box 101D
White Haven, PA
 

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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