Auto Leasing Guide
Go to LeaseGuide.com now !

Can't Afford Car Portland ME

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.

AutoLoansInMaine.Com
Augusta, ME
 
Beneficial Mortgage Co of Maine
(207) 774-9210
1041 Brighton Ave
Portland, ME
 
Keybank
(207) 874-7316
172 Commercial St
Portland, ME
 
Camden National Bank
(207) 774-6736
5 Milk St Ste 1
Portland, ME
 
GTE Federal Credit Union
(207) 791-8528
68 Marginal Way
Portland, ME
 
Republicash
(207) 773-5067
1124 Brighton Ave
Portland, ME
 
Keybank
(207) 874-7322
400 Forest Ave
Portland, ME
 
Cumberland County Federal Credit Union
(207) 797-6492
1345 Washington Ave
Portland, ME
 
Cumberland County Federal Credit Union
(207) 797-6492
1345 Washington Ave
Portland, ME
 
Keybank
(207) 878-2155
85 Auburn St
Portland, ME
 

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...

Click here to read the rest of this article from Lease Guide