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Can't Afford Car Rapid City SD

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.

Sioux Falls, SD
Equity Title Loan of Rapid City
(605) 399-9240
Rapid City, SD
Check Into Cash
(605) 343-3774
107 E North St
Rapid City, SD
Gentry Finance
(605) 342-8007
2130 Jackson Blvd Ste 2
Rapid City, SD
Wells Fargo Financial
(605) 348-8566
2120 W Main St Ste 8
Rapid City, SD
Convenient Loan
(605) 737-4602
524 Saint Joseph St
Rapid City, SD
Wells Fargo Bank Na
(605) 394-3882
825 Saint Joseph St
Rapid City, SD
Best Rate Title Loans
(605) 342-2503
908 Main St
Rapid City, SD
America's Home Loans
(605) 342-0441
Rapid City, SD
A-Z Title Loans
(605) 721-1675
420 E Saint Patrick St Ste 106
Rapid City, SD

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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