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Can't Afford Car Washington DC

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.

Nafartari Travel
(336) 965-1840
2419 21 st Place NE
Washington , DC
 
Auto Financing
(330) 938-7935
3511 Horner Street
Savahana, GA
 
Nafartari Travel
(336) 965-1840
2419 21 st Place NE
Washington , DC
 
Check 'n Go
(202) 667-0864
420 Rhode Island Ave NW
Washington, DC
 
America's Cash Express
(202) 543-7144
601 H St NE
Washington, DC
 
Q 16TH IN ORDER OF CLASS
(611) 868-3579
3118 WASHINGTON MANSION (2017 iST NW) I01291
NETHERALNDS, VA
 
Car Donation
(626) 263-9264
112/a bau
mymensingh, AL
 
Pay Day 2 Go
(202) 882-8600
7510 Georgia Ave NW
Washington, DC
 
B F Saul Mortgage Company
(202) 575-4058
2831 Alabama Ave SE
Washington, DC
 
Millenium Mortgage Bankers Inc
(202) 296-9500
2000 L St NW
Washington, DC
 

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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