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Can't Afford Car Columbus IN

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.
(317) 759-7360
Indianapolis, IN
A and E Financial
(574) 440-6089
405 N Nappanne st
Von's Pawn Shop
(812) 378-0744
1750 State St
Columbus, IN
Advance America Cash Advance
(812) 372-5683
1315 N National Rd
Columbus, IN
Charter Funding
(812) 373-5680
3550 W Two Mile House Rd
Columbus, IN
(219) 936-6710
3535 wisconsin st.
lake station, IN
(765) 356-3640
6767 W. Washington St
Indianapolis, IN
Home Federal Bank
(812) 376-3361
3805 25th St
Columbus, IN
(812) 372-7826
3050 Columbus Ctr
Columbus, IN
Beneficial Indiana Inc
(812) 376-3365
3200 N National Rd
Columbus, IN

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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