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Can't Afford Car Selma AL

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.

American General Auto Finance
(800) 457-3741
2768 Eastern Blvd
Montgomery, AL
Car Donation
(626) 263-9264
112/a bau
mymensingh, AL
(801) 304-9936
3712 Philadelphia Avenue, Midvale, UT 84047
alasak, AL
(334) 872-0402
2414 Kimble Rd Ste B
Selma, AL
Champion Communications
(334) 872-0606
413 Highland Ave
Selma, AL
Montgomery, AL
Pioneer Credit Corporation
(256) 845-2698
2904 Greenhill Blvd NW
Ft. Payne, AL
McCurry Motors
(256) 713-0575
2601 d north memorial pkwy
huntsville, AL
Tayari Mortgage
(334) 872-7517
116 Mabry St
Selma, AL
World Finance Corp
(334) 875-5656
124 Broad St
Selma, AL

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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