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Can't Afford Car West Fargo ND

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.

Gate City Bank
(701) 298-2800
1119 9th St E
West Fargo, ND
 
Wells Fargo Home Mortgage
(701) 433-3660
1401 13th Ave E
West Fargo, ND
 
Union State Bank of Fargo
(701) 492-3492
1100 13th Ave E
West Fargo, ND
 
Western State Bank
(701) 277-5003
755 13th Ave E
West Fargo, ND
 
Choice Financial Group
(701) 277-9258
210 Sheyenne St
West Fargo, ND
 
Choice Financial Group
(701) 356-9700
4501 23 Ave S
West Fargo, ND
 
Gate City Bank
(701) 298-2800
1119 9th St E
West Fargo, ND
 
First International Bank & Trust
(701) 281-2700
1350 13th Ave E
West Fargo, ND
 
State Bank of West Fargo
(701) 282-4403
409 Sheyenne St
West Fargo, ND
 
American Federal Bank
(701) 235-9906
1301 30th Ave S
Fargo, ND
 

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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