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Can't Afford Car Oak Ridge TN

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.

Community Choice Financial
(615) 370-5401
5200 Maryland Way Suite 310
Brentwood, TN
 
Auto Credit of Nashville
(615) 865-1300
162 Cude Ln
Madison, TN
 
Tennessee Auto Finance
(615) 953-9595
424 Church Street
Nashville, TN
 
Bank of America
(865) 482-0866
795 W Main St
Oak Ridge, TN
 
Tn Members 1st Fcu Main Line
(865) 482-4343
112 Administration Rd
Oak Ridge, TN
 
Financial Solutions (Bulk Purchase)
(615) 414-6708
2446 Durham Manor Dr
Franklin, TN
 
AutoLoansInTennessee.com
(423) 954-0066
Chattanooga, TN
 
Tennessee Members 1st Federal Credit Union
(865) 482-4343
112 Administration Rd
Oak Ridge, TN
 
Bank of America
(865) 482-0811
795 W Main St
Oak Ridge, TN
 
Household Finance Corporation
(865) 220-9500
1365 Oak Ridge Tpke
Oak Ridge, TN
 

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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