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Can't Afford Car Meridian MS

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.

Jackson, MS
United Credit Corporations
(601) 693-5521
718 23rd Ave
Meridian, MS
Advance America Cash Advance
(601) 483-5011
832 Highway 19 S
Meridian, MS
United Cash Advance
(601) 696-6707
2410 Highway 39 N
Meridian, MS
Mississippi Title Loans
(601) 482-8100
1806 N Frontage Rd
Meridian, MS
Title Cash
(601) 482-6203
420 Highway 19 N
Meridian, MS
Great American Title Loans
(601) 693-9848
2219 Highway 39 N
Meridian, MS
First Heritage Credit
(601) 485-0700
2680 N Hills St
Meridian, MS
Best Credit Corporation
(601) 483-4420
212 22nd Ave
Meridian, MS
Twin States Finance Inc
(601) 483-8170
4611 8th St
Meridian, MS

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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