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Can't Afford Car Laramie WY

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.

Security First Bank
(307) 721-2111
608 E Grand Ave
Laramie, WY
Mister Money USA
(307) 721-0485
554 N 3rd St Ste I
Laramie, WY
Check Into Cash
(307) 358-3886
1954 E Richards St
Douglas, WY
Cowboy Credit Hotline
(307) 472-1794
6101 E 2nd St
Casper, WY
Payday Lenders
(307) 746-4664
719 Washington Blvd Unit A
Newcastle, WY
Choice One Mortgage
(307) 742-3036
2900 E Grand Ave
Laramie, WY
(307) 362-5650
2400 Foothill Blvd
Rock Springs, WY
Cherry Street Mortgage
(307) 765-9938
500 Greybull Ave
Greybull, WY
First Bank of the Tetons
(307) 733-7000
185 Powderhorn Ln
Jackson, WY
GMAC Mortgage
(307) 686-6001
1001 S Douglas Hwy
Gillette, WY

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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