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Can't Afford Car State College PA

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.

AutoLoansInPennsylvania.com
(717) 884-9911
Harrisburg, PA
 
AutoTrakk
(888) 689-7117
1500 Sycamore Road Suite 200
Montoursville, PA
 
Grivner Agency
(570) 643-2222
Rt. 940 & 115 (Blakeslee Corners)
Blakeslee, PA
 
Covalt's Repair
(717) 597-4664
1209 Mason-Dixon Road
Greencastle, PA
 
Clarion Ford Mercury, Clarion Chrysler Dodge Jeep
814-226-7440 814-226-9550
1214 East Main Street
Clarion, PA
 
Flagship Credit Corp.
(800) 707-0114
3 Christy Drive Suite 203
Chadds Ford, PA
 
Skyline Auto Sales
(717) 597-5257
131 South Antrim Way
Greencastle, PA
 
Bill Bowers Tire & Auto
(717) 597-9103
75 Pine Drive
Greencastle, PA
 
ziggstar auto
(347) 677-7049
1025 west broad street
bethelehem, PA
 
Ron Seidle Automart
(814) 849-8365
222 Allegheny Blvd
Brookville, PA
 

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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