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Can't Afford Car Oconomowoc WI

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.
(608) 514-1500
Madison, WI
Wisconsin Auto Finance
(262) 432-3308
11414 W. Park Place
Milwaukee, WI
(608) 782-0841
401 gillette street
la crosse, WI
First Bank
(262) 567-3300
Summit Ave
Oconomowoc, WI
Loans 4 Homes
(262) 560-9786
1833 Executive Dr
Oconomowoc, WI
Wisconsin Auto Title Loans
(608) 245-9225
3059 E Washington Ave
Madison, WI
New Start Auto Loans - Bad Credit Auto Loans
(000) 000-0000
Lincoln Ave
Milwaukee, WI
First Bank
(262) 569-9900
155 W Wisconsin Ave
Oconomowoc, WI
Wisconsin Mortgage Corp
(262) 569-1302
1296 Summit Ave
Oconomowoc, WI
First Bank
(262) 569-3055
W359N5900 Brown St
Oconomowoc, WI

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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