Help with Car Payments: Loan Mods, Refinance

When car payments get out of control, you can get help with car payments so that you can keep the car and pay your other bills. You don't have to be a victim anymore.

Maybe they gave you a bad loan. Perhaps your rate is 10%, 12% or even up to 25%! Maybe your car will be worthless by the time you pay the loan off. They may have even added one of those pricey extended warranties that will never pay out.

Once you sign off on the loan, you are expected to be able to make that same monthly payment without fail. If you miss a payment, it sends alarm bells ringing that can first begin with a collection call. Depending on your lender, the repo man might be on his way to seize your car by force.

Parking 3 blocks away will not work. Repossession agents know to cruise around your neighborhood if they suspect that you are hiding your car to avoid repossession.

You might think that your lender is out to get you. If you financed your car at a buy here/pay here dealer, then you are right. They are out to get you. That's why they signed you up for an unaffordable loan. However, normal mainstream lenders do not want your car. That means they would rather help you restore your car loan to current status.

You might think that a voluntary repossession is a good option. A voluntary repo can reduce repossession fees slightly, but it still carries all of the other consequences of repossession, including damaged credit and deficient loan balance. In other words, you no longer have the car but you are still paying for it.

Don't let your most valuable asset get taken away. Take action now to make sure that you take care of your loan and keep your car!

Our goal is to make sure that you are able to find and obtain honest assistance in dealing with your lender. We are not one of those car loan modification scams that have gained in popularity. We don't even help you modify your loan. Instead, we give you the information you need so that you can eliminate the middleman and go to your lender directly for help. You might be able to negotiate a change ranging from a repayment plan to a full modification.

We hope that the information we have provided is helpful as you learn about your rights as a borrower. Once you understand the options, then you can pursue the best choice for getting help with your car payments.