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Can't Afford Car Southaven MS

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.

Jackson, MS
Smith Mortgage Services
(662) 342-0006
155 Stateline Rd E
Southaven, MS
51 Title Loans
(662) 342-1470
7909 Highway 51 N
Southaven, MS
Title Cash of Mississippi Inc
(662) 280-5592
1399 Goodman Rd E
Southaven, MS
USA Cash Southaven
(662) 393-5501
2136 Stateline Rd W
Southaven, MS
Community Mortgage Corporation
(662) 349-1300
230 Goodman Rd E
Southaven, MS
Wells Fargo Home Mortgage
(662) 349-9999
7125 Getwell Rd
Southaven, MS
First Heritage Credit
(662) 393-4405
8995 Highway 51 N
Southaven, MS
Renasant Bank
(662) 342-1942
5779 Getwell Rd Bldg D3
Southaven, MS
United Credit Corp of Southaven
(662) 349-2274
1306 Goodman Rd E
Southaven, MS

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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