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Can't Afford Car Bristol RI

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.

AutoLoansInRhodeIsland.Com
Providence, RI
 
AutoLoansInRhodeIsland.Com
Providence, RI
 
Credit North East
(401) 946-1222
815 Reservoir Ave
Cranston, RI
 
Nationstar Mortgage
(401) 737-5655
300 Centerville Rd
Warwick, RI
 
South County Mortgage Corp
(401) 539-0900
120 Old Mountain Trl
Richmond, RI
 
state cap auto finace,llc
(508) 916-0427
1018 sate rd
westport, MA
 
Countrywide Home Loans
(401) 253-8210
99 Poppasquash Rd
Bristol, RI
 
Milford Federal Savings & Loan
(401) 765-2900
1950 Diamond Hill Rd
Woonsocket, RI
 
Vitali Mark
(401) 723-9100
245 Manton St
Pawtucket, RI
 
Beneficial Mortgage Co of Rhode Island
(401) 769-1115
1910 Diamond Hill Rd
Woonsocket, RI
 

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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