Is there a loophole for someone medically discharged from the military to excuse a car loan?
Written By: admin on June 24, 2009
One Comment
I was medically discharged and permanently disabled from the Air Force a year ago and I can not pay my really high car payments. I don't want the car repossessed but how do I settle with the bank. There has to be something for hardship situations that fall upon a disabled veteran.
Related Articles
- Nike SB – Spring 2010 Preview – Part 3 | Sneaker News
- Air Jordan Force Fusion 5 – Unreleased Sample » Nike Air Force …
- Air Jordan 1 Phat Low – Curry – Elephant Print | Sneaker News
- Dyckman Blows Huge Lead, Recaptures It to Win at Pro City …
- THE TENSION: US Airpower Summary, June 24, 2009: HH-60Gs Support …
- Can a couple bringing in $60000 a year afford a $130000 house …
- Plot For Your Future With Home Business Opportunities | Internet …
- World, I need your help | Keep America At Work
- Homemaker Hero: 1950s Ford Commercial
- CARDS THAT PAY YOU BACK: Best Bank Air Miles Cards
- Chiefs sign veteran safety Mike Brown | KC Chiefs Football
- Mobile veteran Venan Entertainment, IN. announces new “Venan …
- Attention Tennessee Veteran Owned Businesses and Service Disabled …
- Mac's Football Blog: Chiefs Sign Veteran Safety Mike Brown
- Blog Quick Food » Blog Archive » Another veteran opens store under …
Related Financial Planning Posts
Tags: 1950s, air force, air jordan 1, air miles, car payments, curry, elephant, fast food, ford, fusion 5, hero, home business opportunities, house plan, internet world, june 24, kc chiefs, Military Loans, nike, nike air force, sneaker, tension, veteranTags: 1950s, air force, air jordan 1, air miles, car payments, curry, elephant, fast food, ford, fusion 5, hero, home business opportunities, house plan, internet world, june 24, kc chiefs, nike, nike air force, sneaker, tension, veteran
Unless you bought a disability insurance company on the car loan, you still owe regardless.
Unless they happened to allow you to place an asterisk next to your signature saying you only have to pay unless you are medically discharged. (And no lender would do that)
You can try asking the bank to lower your payments and/or your interest rate to avoid a repo.
Some are willing to so something to avoid a repo but they cant work miracles.
Banks want to get paid. When they repo a car, they lose thousands of dollars so they would prefer to avoid repoing a car. But, if your note is $450 a month and the most you can pay is $200, they arent going to go for that.