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Can't Afford Car Tulsa OK

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.

steffen criss
(580) 761-8733
1 miller dr
chickasha , OK
 
American Loans of Tulsa
(918) 582-0461
23 E 6th St
Tulsa, OK
 
Bank of America
(918) 835-6173
10131 E 11th St
Tulsa, OK
 
Advance America
(918) 369-3215
11063 S Memorial Dr Ste C
Tulsa, OK
 
Great Plains Mortgage Co
(918) 742-7696
3115 S Winston Ave
Tulsa, OK
 
SMART CHOICE AUTO CREDIT
(405) 354-3519
1100 WEST MAIN
YUKON, OK
 
Bank of America
(918) 663-7269
10802 E 31st St
Tulsa, OK
 
Bank of America
(918) 270-2813
5101 S Sheridan Rd
Tulsa, OK
 
Bank of America
(918) 835-6173
10131 E 11th St
Tulsa, OK
 
Check'n Go of Oklahoma
(918) 252-7378
8212 71
Tulsa, OK
 

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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