job loss need to lower my car payments

15diva · #1 Oct 13, 2009, 11:22 AM

what can i do to lower my car payments.My payment are to high and i might loss my job so i dont know what to do.

JudyKayTee · Oct 13, 2009, 12:14 PM

Attempt to refinance. If that fails is it possible to sell the car and purchase something less expensive?

Or simply turn the car back in - realizing you will undoubtedly owe something after it is sold.

JudyKayTee · Oct 30, 2009, 12:09 PM

Quote:

Originally Posted by couponchaser

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Purdue2010 · Nov 17, 2009, 11:29 PM

Call your car company and be honest with them. Tell them your situation and in the wake of the whole economic meltdown a lot of creditors are becoming very understanding. Sometimes you can get your payments deferred for a bit or they may work with you in some other arrangement.

JudyKayTee · Nov 18, 2009, 07:52 AM

Quote:

Originally Posted by Purdue2010

Call your car company and be honest with them. Tell them your situation and in the wake of the whole economic meltdown a lot of creditors are becoming very understanding. Sometimes you can get your payments deferred for a bit or they may work with you in some other arrangement.

It would appear that a bank or finance company is involved in this - the car company/dealer has long been out of the picture.

Purdue2010 · Nov 18, 2009, 09:12 AM

Quote:

Originally Posted by JudyKayTee

It would appear that a bank or finance company is involved in this - the car company/dealer has long been out of the picture.

When I say car company I mean it to be synonomous with the bank or the finance company. We usually say car company in these parts for that, and dealer for the dealership. My apologies I should have clarified.



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