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Can't Afford Car Huntington WV

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.

Charleston, WV
American General Financial Services
(304) 736-9581
4341 US Route 60
Huntington, WV
First American Cash Advance
(304) 736-9524
3509 US Route 60
Huntington, WV
City National Bank
(304) 526-6200
Huntington, WV
Wells Fargo Financial
(304) 736-8972
3020 Champion Dr
Barboursville, WV
grandparents denied
(304) 527-1924
118j st johns rd
colliers, WV
Abacus Mortgage
(304) 525-7510
945 4th Ave
Huntington, WV
(304) 733-9338
4341 US Route 60 Ste 175
Huntington, WV
(304) 647-5700
100 Maplewood Ave
Lewisburg, WV
Heritage Home Funding
(304) 725-7675
324 W Washington St
Charles Town, WV

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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