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Can't Afford Car Williston 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.

First International Bank & Trust
(701) 774-8321
19 4th St E
Williston, ND
Wells Fargo Home Mortgage
(701) 577-9555
119 E Broadway
Williston, ND
Lend Smart Mortgage
(701) 893-9104
3002 Fiechtner Dr S
Fargo, ND
Money Station Inc
(701) 225-1394
1113 W Villard St
Dickinson, ND
Wells Fargo Bank Na
(701) 347-5491
2 6th Ave N
Casselton, ND
Dakota Quick Cash
(701) 572-2274
1412 2nd Ave E
Williston, ND
First Community Credit Union
(701) 742-2376
103 N 7th St
Oakes, ND
Farm Credit Services of Mandan
(701) 824-3203
320 Pacific Ave
Mott, ND
Custom Mortgage & Investment
(701) 775-8870
311 S 4th St Ste 114
Grand Forks, ND
Cornerstone Bank
(701) 364-9630
2627 University Dr 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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