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Can't Afford Car Buckhannon WV

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.

AutoLoansInWestVirginia.Com
Charleston, WV
 
Wesbanco
(304) 345-0670
852 Oakwood Rd
Charleston, WV
 
Wesbanco
(304) 232-5750
613 Marshall St
Wheeling, WV
 
Mountain Valley Bank Na
(304) 478-2461
401 1st St
Parsons, WV
 
Beneficial West Virginia Inc
(304) 842-2036
103 Steele St
Bridgeport, WV
 
grandparents denied
(304) 527-1924
118j st johns rd
colliers, WV
 
Bb&t
(304) 686-3351
21 Main St
Cameron, WV
 
United Bank
(304) 724-7761
9 Tuscawilla Dr
Charles Town, WV
 
Wyoming County Economic Development Agency
(304) 732-6707
Pineville, WV
 
Abacus Mortgage
(304) 525-7510
945 4th Ave
Huntington, WV
 

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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