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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
Affordable Loans
(605) 716-7774
1000 Cambell St
Rapid City, SD
Wells Fargo Home Mortgage
(605) 341-4000
825 Saint Joseph St
Rapid City, SD
First National Pawn
(605) 341-5090
935 E North St
Rapid City, SD
Pawn With US
(605) 341-9950
406 E North St
Rapid City, SD
First Western Bank
(605) 348-4545
650 Flormann St
Rapid City, SD
Check 'n Go
(605) 388-3333
1320 Mount Rushmore Rd Ste B
Rapid City, SD
Dollar Loan Center
(605) 341-5626
1575 N Lacrosse St Ste E
Rapid City, SD
Pioneer Bank & Trust
(605) 341-2265
2001 W Omaha St
Rapid City, SD
Wells Fargo Bank Na
(605) 394-3960
1035 E Saint Patrick St
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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