I try to pay my bills, but this company made my life a nightmare When you live solely on medicare of 1301. 00 a month, 410.00 car insurance and payment, 266.00 rent, plus utilities
Unless there is a great deal of equity in your car it will not be seized by a creditor other than the company that financed the vehicle purchase.
If you are unable to maintain the loan payments for the purchase of your car then the lender will almost certainly repossess. It may sound harsh, but it is not the lender's job to make sure the borrower can easily make the loan payments. When you finance the purchase of a car you are entering into a promise to pay according to the terms of the loan. As long as you pay as agreed, you get to keep the car. If you can no longer pay, you can no longer keep the car.
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