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Can't Afford Car Davenport IA

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.

Des Moines, IA
Advance America Cash Advance
(563) 359-4343
3020 E 53rd St
Davenport, IA
Peoples Advantage Mortgage
(563) 386-8616
3956 N Pine St
Davenport, IA
American General Finance Services
(563) 386-7007
208 E 50th St
Davenport, IA
Suburban Home Mortgage
(563) 322-4663
246 W 3rd St
Davenport, IA
Quad City Bank & Trust
(563) 388-4780
4500 N Brady St Ste 100
Davenport, IA
Payday Loans
(563) 323-2646
1820 Brady St
Davenport, IA
Great Midwest Mortgage
(563) 388-8080
3717 N Brady St
Davenport, IA
Northwest Bank & Trust Company
(563) 388-2509
Davenport, IA
I H Mississippi Valley Credit Union
(309) 793-6200
2102 E Kimberly Rd
Davenport, IA

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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