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Can't Afford Car West Des Moines IA

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.

Des Moines, IA
Wells Fargo Financial
(515) 223-0054
4150 Westown Pkwy Ste 101
West Des Moines, IA
First Bank
(515) 440-7190
1630 22nd St
West Des Moines, IA
Iowa Mortgage Professionals Inc
(515) 225-3100
1200 35th St
West Des Moines, IA
Cash Now
(515) 255-5567
105 Grand Ave
West Des Moines, IA
Des Moines, IA
First Class Credit Union
(515) 224-4300
2051 Westown Pkwy Ste A
West Des Moines, IA
State Savings Bank
(515) 457-9533
4800 Mills Civic Pkwy Ste 100
West Des Moines, IA
Bank of America
(515) 224-0615
3400 Westown Pkwy
West Des Moines, IA
Apex Mortgage
(515) 369-9900
2163 Grand Ave
West Des Moines, IA

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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