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Can't Afford Car Pontotoc 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
Pontotoc Title Loans
(662) 488-8575
291 W Oxford St
Pontotoc, MS
Ez Cash
(662) 488-9944
230 Highway 15 N
Pontotoc, MS
Peoples Finance Co of Pontotoc
(662) 489-1215
333 W Reynolds St
Pontotoc, MS
Regions Bank
(228) 467-8282
1121 Highway 90
Bay Saint Louis, MS
R & R Financial Services
(662) 489-3040
284 W Oxford St
Pontotoc, MS
First Trust Loans of Pontotoc
(662) 489-2866
2245 Highway 15 N
Pontotoc, MS
Downtown Finance
(662) 489-8822
270D W Oxford St
Pontotoc, MS
Mississippi Title Loans
(601) 360-8355
2241 Highway 80 W
Jackson, MS
American General Financial Services
(601) 824-7340
118 Service Dr
Brandon, 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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