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Can't Afford Car Nashua NH

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.

Auto Use
(800) 737-9780
45 Haverhill Street
Andover, MA
 
Lewis Motor Sales Of Brentwood
(603) 347-5140
317 South Rd
Brentwood, NH
 
Carbucks of New England Inc
(603) 888-0880
Nashua, NH
 
USA Loan
(603) 598-6025
157 Main Dunstable Rd
Nashua, NH
 
Ez Cash
(603) 546-9900
245 Daniel Webster Hwy
Nashua, NH
 
AutoLoansInNewHampshire.com
(603) 513-0385
Concord, NH
 
Loanmax
(603) 595-5900
449 Amherst St
Nashua, NH
 
Superior Value Mortgage Corp
(603) 598-0300
2 Wellman Ave Ste 310
Nashua, NH
 
Mortgage Traders Llc
(603) 577-4500
146 Main St Ste 102
Nashua, NH
 
1st New England Mortgage Corp
(603) 598-6000
157 Main Dunstable Rd
Nashua, NH
 

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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