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Can't Afford Car Forest City NC

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.

Regional Acceptance
(252) 321-7700
1202 East Fire Tower Road
Greenville, NC
 
ACE Motor Acceptance
(704) 882-7100
111 Cupped Oak Drive Suite F
Matthews, NC
 
Steve Strange Insurance
(828) 754-0957
710 Blowing Rock Blvd
Lenoir, NC
 
Pinpoint Recovery Service
(336) 932-8008
P.O. box 29
Stoneville, NC
 
Bb&t
(828) 248-4100
Highway 74 Byp
Forest City, NC
 
AutoLoansInNorthCarolina.com
(919) 746-7722
Raleigh, NC
 
national auto sales1
(828) 441-2271
1210 1st ave sw
hickory, NC
 
Global Motorist - Used Cars Charlotte
(704) 568-7373
6625 East Independence Blvd
Charlotte, NC
 
Universal Finance
(828) 247-8728
141 Old Wagy Rd
Forest City, NC
 
Citifinancial
(828) 245-2061
135 W Main St
Forest City, NC
 

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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