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Can't Afford Car Fergus Falls 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
Agcountry Farm Credit Services
(218) 739-5221
920 Pebble Lake Rd
Fergus Falls, MN
Rural American Bank
(320) 396-5100
121 S Main St
Barnum, MN
Saint Marys Hospital
(507) 535-1460
Rochester, MN
Wells Fargo Home Mortgage
(507) 233-8035
226 N Minnesota St
New Ulm, MN
McCarthy Auto World
(916) 420-9923
3350 129th Ave NW
Coon Rapids, MN
Peoples Small Loan Co
(218) 998-4508
225 W Lincoln Ave
Fergus Falls, MN
Minnwest Bank Central
(320) 269-6565
107 N 1st St
Montevideo, MN
Home Equity Inc
(763) 682-3266
568 50th St NE
Buffalo, MN
Wells Fargo Home Mortgage
(952) 953-3990
14325 Cedar Ave
Apple Valley, 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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