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Can't Afford Car Portland OR

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.

People's Credit
(800) 531-4420
1164 SE 82nd Avenue
Portland, OR
 
AutoLoansInOregon.com
(503) 400-7667
Salem, OR
 
Les Schwab Tire Center
(541) 536-3009
52596 N. Hwy 97
La Pine, OR
 
Small Engines by Steve
(541) 815-6803
PO Box 2034
La Pine, OR
 
Bank of America
(503) 257-3412
510 SE 122nd Ave
Portland, OR
 
People's Credit
(800) 531-4420
1164 SE 82nd Avenue
Portland, OR
 
La Pine Auto Supply, Inc
(541) 536-2192
51477 Hwy 97
La Pine, OR
 
Central Oregon Truck Toys -N- More
(541) 536-1596
16605 Assembly Way, Ste 101
La Pine, OR
 
Peak Performance & Repair
(541) 536-3893
51530 Russell Rd, Suite B
La Pine, OR
 
Urgent Money
(503) 808-9405
11523 SW Pacific Hwy
Portland, OR
 

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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