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Can't Afford Car Fort Smith AR

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.

AutoLoansInArkansas.Com
Little Rock, AR
 
First American Cash Advance
(479) 648-3885
2600 Zero St Ste B
Fort Smith, AR
 
Andy's Pawn & Gun Shop
(479) 783-3658
2113 Dodson Ave
Fort Smith, AR
 
Express Mortgage
(479) 452-8855
7613 Rogers Ave Ste D
Fort Smith, AR
 
Allied Home Mortgage Capital Corp
(479) 646-3600
2801 Old Greenwood Rd
Fort Smith, AR
 
Thrifty Car Sales
(479) 636-5050
1810 So 8Th Street (Hwy 71B)
Rogers, AR
 
Uncle John's Pawn & Loan
(479) 649-7296
5324 Towson Ave
Fort Smith, AR
 
Southern Mortgage Company of Arkansas
(479) 494-7665
4300 Rogers Ave
Fort Smith, AR
 
1st Metropolitan Mortgage
(479) 783-8188
Fort Smith, AR
 
Simmons First National Bank
(479) 646-5590
4101 Brooken Hill Dr
Fort Smith, AR
 

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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