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Can't Afford Car Hernando 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
Cash Title Exchange
(662) 429-5855
38 W Commerce St
Hernando, MS
Fairway Mortgage
(662) 429-5100
224 W Commerce St
Hernando, MS
Payday Loan Store of Mississippi Inc
(601) 894-4092
28063 Highway 28
Hazlehurst, MS
Brown Finance Inc
(228) 762-4344
2224 Denny Ave
Pascagoula, MS
Renasant Bank
(662) 429-7272
2564 Highway 51 S
Hernando, MS
Renasant Bank
(662) 429-7831
180 E Commerce St
Hernando, MS
Cash Country
(228) 474-4850
3609 Main St
Moss Point, MS
Big John's Used Cars
(601) 485-5090
Meridian, MS
(601) 477-9354
301 Hill St
Ellisville, 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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