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Can't Afford Car Harrodsburg KY

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.

Frankfort, KY
Signature Motors
(270) 678-5700
1419 happy Valley Rd.
Glasgow, KY
Fifth Third Bank
(270) 388-2277
418 Newman Dr
Eddyville, KY
American General Financial Services
(502) 935-0394
10114 Dixie Hwy
Louisville, KY
Bluegrass Check Advance
(270) 259-0047
636 S Main St
Leitchfield, KY
the car store
(812) 987-4041
6801 preston hwy
louisville, KY
Washington Mutual
(859) 276-4499
2350 Regency Rd
Lexington, KY
World Finance Corporation
(502) 227-9227
1100 US Highway 127 S Ste B1
Frankfort, KY
(270) 365-6600
278 US Highway 62 W
Princeton, KY
Commonwealth Finance of Shelbyville Inc
(502) 633-1788
229 Alpine Dr
Shelbyville, KY

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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