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Can't Afford Car Chaska MN

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.

St. Paul, MN
Timberland Mortgage Services Inc
(952) 361-9555
Chaska, MN
(218) 643-1379
63 Minnesota Ave
Breckenridge, MN
North Shore Mortgage
(218) 733-5535
4810 Miller Trunk Hwy
Hermantown, MN
(507) 214-7827
5600 SE 14th Ave
Owatonna, MN
McCarthy Auto World
(916) 420-9923
3350 129th Ave NW
Coon Rapids, MN
Security State Bank of Howard Lake
(320) 543-2151
900 6th St
Howard Lake, MN
Cashway Checking
(651) 770-9593
3035 White Bear Ave N
Saint Paul, MN
Security State Bank of Marine
(651) 433-2424
120 Judd St
Marine On Saint Croi, MN
Wells Fargo Financial
(218) 727-7143
2220 Mountain Shadow Dr
Duluth, MN

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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