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Can't Afford Car Iowa City IA

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.

Des Moines, IA
Instant Cash Advance Inc
(319) 466-9653
5 Sturgis Dr
Iowa City, IA
Hills Bank and Trust Company
(319) 338-1277
1401 S Gilbert St
Iowa City, IA
Countrywide Home Loans
(319) 358-6882
2346 Mormon Trek Blvd
Iowa City, IA
Check 'n Go
(319) 337-7200
94 Sturgis Corner Dr
Iowa City, IA
Commercial Federal Bank
(319) 338-9751
301 S Clinton St
Iowa City, IA
Check Into Cash
(319) 688-0092
1855 Lower Muscatine Rd
Iowa City, IA
Great Midwest Mortgage Corp
(319) 358-8118
2346 Mormon Trek Blvd
Iowa City, IA
Commercial Federal Bank
(319) 351-6110
1720 Waterfront Dr
Iowa City, IA
Commercial Federal Bank
(319) 466-0103
812 S 1st Ave
Iowa City, IA

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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