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Can't Afford Car Minot ND

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.

Check 'n Go
(701) 838-3052
1524 S Broadway
Minot, ND
 
Check Into Cash
(701) 837-8243
1364 20th Ave SW
Minot, ND
 
Valley Auto Credit
(701) 857-1609
600 N Broadway Ste B
Minot, ND
 
Farm Credit Services
(701) 852-1265
3100 SE 10th Ave
Minot, ND
 
Advance America Cash Advance
(701) 663-2323
517 E Main St
Mandan, ND
 
Westlie Motor Co
(701) 857-1609
600 N Broadway
Minot, ND
 
Fast Cash
(701) 852-8700
2415 N Broadway
Minot, ND
 
Gate City Bank
(701) 857-8444
924 31st Ave SW
Minot, ND
 
Gate City Bank
(701) 857-8444
924 31st Ave SW
Minot, ND
 
Streeter Office - Dakota Heritage Bank
(701) 424-3373
101 Florence St N
Streeter, ND
 

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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