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Can't Afford Car Hilo HI

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.

AutoLoansInHawaii.com
(808) 756-9311
Hilo, HI
 
American General Finance
(808) 671-5664
94-1040 Waipio Uka St Ste 7
Waipahu, HI
 
VR FINANCIAL SERVICES & ASSOCIATES
(808) 626-8416
PO Box 893234
Mililani, HI
 
Citifinancial
(808) 689-8885
91-1001 Kaimalie St
Ewa Beach, HI
 
Allied Home Mortgage Capital
(808) 230-8691
167 Hamakua Dr
Kailua, HI
 
AutoLoansInHawaii.com
(808) 756-9311
Hilo, HI
 
American General Financial Services Of Hawaii Inc
(808) 326-2626
75-5737 Kuakini Hwy Ste 104
Kailua Kona, HI
 
Hawaiiusa Federal Credit Union
(808) 625-5999
Mililani Shopping Ctr
Mililani, HI
 
Central Pacific Bank
(808) 356-1499
201 Merchant St Ste 1700
Mililani, HI
 
West Oahu Community Federal Credit Union
(808) 682-4511
Shangrila St Bldg 1867
Kapolei, HI
 

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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