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Can't Afford Car Kaysville UT

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.

Prestige Financial
(800) 984-6737
1420 South 500 West
Salt Lake City, UT
 
Zions Bank
(801) 546-8833
1170 E Gentile Rd
Kaysville, UT
 
Zions Bank
(801) 546-8833
Kaysville, UT
 
Cash Asap
(435) 792-4442
1490 N Main St
North Logan, UT
 
Zions Bank
(435) 750-0221
Logan, UT
 
Money 4 You
(801) 444-3938
215 W 200 N
Kaysville, UT
 
Barnes Bank
(801) 544-3424
33 S Main St
Kaysville, UT
 
Keybank
(801) 377-1052
Provo, UT
 
Mountain America Credit Union
(801) 966-2165
Salt Lake City, UT
 
Applied Lending
(801) 567-9105
9137 Monroe St Ste A
Sandy, UT
 

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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