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Posted in Auto Loans
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Question By
charliesdad1

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im layed off of wolrk there for my auto loan payments are late.cant get refinaced
need some good advice on how I can either get a new loan at a lower payment or if bankruptcy is a option

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Notify your loan officer and tell them what has happened.  Look for another job, even a part-time to last through the lay-off.  Bankruptcy will hurt your credit for ten years from the date you file it and you basically have to rebuild credit from the ground up, so it is not a realistic solution.

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