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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.

AutoLoansInMississippi.Com
Jackson, MS
 
Harrison Finance
(228) 832-6037
12100 Highway 49
Gulfport, MS
 
Mississippi Title Loans
(228) 864-4313
909 Pass Rd
Gulfport, MS
 
Money Now
(228) 868-4124
412A Pass Rd
Gulfport, MS
 
Harrison Finance
(228) 871-5259
2510 Pass Rd
Gulfport, MS
 
Buckaroos Title Loan
(228) 896-3626
741 E Pass Rd
Gulfport, MS
 
Preferred Choice Cash Advance
(228) 863-2377
1015 Pass Rd
Gulfport, MS
 
Mississippi Title Loans
(228) 822-2100
909 Pass Rd
Gulfport, MS
 
Sunny Mortgage Group
(228) 868-0144
9210 Highway 49
Gulfport, MS
 
Gulf Islands Credit
(228) 863-2046
1115 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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