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Can't Afford Car Booneville MS

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.

AutoLoansInMississippi.Com
Jackson, MS
 
Booneville Financial Services
(662) 728-4484
1106 N 2nd St
Booneville, MS
 
Magnolia Financial of Booneville Inc
(662) 728-2134
501 N 2nd St
Booneville, MS
 
Renasant Bank
(662) 728-5622
909 E Church St
Booneville, MS
 
Columbia Financial Services Inc
(601) 736-0450
Gardner Shpg Ctr
Columbia, MS
 
Renasant Bank
(662) 728-8829
1114 N 2nd St
Booneville, MS
 
Credit Plan of Booneville Inc
(662) 720-1075
202A N 2nd St
Booneville, MS
 
AAA Pawn & Title Loans
(662) 728-1226
409 N 2nd St
Booneville, MS
 
Renasant Bank
(662) 728-9411
213 W Market St
Booneville, MS
 
Mississippi Check Cashers
(662) 746-1313
1406 Jerry Clower Blvd
Yazoo City, MS
 

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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