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Can't Afford Car Texarkana AR

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.

Little Rock, AR
Mil-Way Federal Credit Union
(870) 772-0661
2000 Arkansas Blvd
Texarkana, AR
Regions Bank
(870) 779-4635
2800 N State Line Ave
Texarkana, AR
Farm Credit Services of Western Arkansas
(870) 772-1882
2805 E Broad St
Texarkana, AR
Cash Express
(870) 773-1953
Texarkana, AR
Thrifty Car Sales
(479) 636-5050
1810 So 8Th Street (Hwy 71B)
Rogers, AR
Regions Mortgage
(870) 779-4663
300 Olive St
Texarkana, AR
(870) 773-1103
3rd & Olive
Texarkana, AR
Cash Express
(870) 773-1948
1209 E 35th St
Texarkana, AR
Farm Credit Services Rural Homes
(870) 774-8222
2805 E Broad St
Texarkana, AR

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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