If your auto loan payments have become too much for your budget to bear, you should consider your options for auto loan debt relief. This can involve anything from modifying your loan to surrendering your car. Here are some strategies for dealing with an auto loan you can’t afford.
Auto loan debt relief options
Compare offers to find the best debt relief company for you
Work with your lender
Once you realize you can’t make your auto loan payments, call your lender. As the Consumer Financial Protection Bureau explains, it’s generally more expensive for a lender to repossess your car than to come up with a different solution to help you out. Because of that, your lender might offer you the following options:
- Adjust the payment …
Read the full article at: https://www.cnbc.com/select/auto-loan-debt-relief/