Question by Charles E: I am no longer able to make the payments on my auto loan due to medical bills. What are my options?
I currently have a 6 year auto loan with my credit union. Due to recent medical issues and bills piling up, I can no longer afford to make the monthly payments on the loan. I have had the car for only about a year. What are my options at this time? I know a repossesion will ruin my credit. I need to know what I can do to fix the situation before it gets worse.
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