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Can't Afford Car Gulfport MS

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.

Jackson, MS
Grand Bank Mortgage Center
(228) 822-1100
16197 Landon Rd Ste D
Gulfport, MS
Harrison Finance
(228) 871-5259
2510 Pass Rd
Gulfport, MS
Money Store the
(228) 864-3408
19 Pass Rd
Gulfport, MS
Regions Bank
(228) 867-5450
15380 Dedeaux Rd
Gulfport, MS
Harrison Finance
(228) 832-6037
12100 Highway 49
Gulfport, MS
Regions Bank
(228) 863-4582
2200 14th St
Gulfport, MS
Easy Advance
(228) 214-4201
1423 25th Ave
Gulfport, MS
Tower Loan of Biloxi
(228) 863-2102
1223 C Pass Rd # C
Gulfport, MS
Payway Check Advance
(228) 896-8899
520 E Pass Rd
Gulfport, MS

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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