For many North Carolina residents, their car is a necessary item that allows them to go to work or attend school. However, some people may face serious financial difficulties that prevent them from paying off their car loans. As a result, they may face the threat of repossession. People can contact their lenders and attempt to negotiate a solution, including changing the payment date, deferring the loan, or modifying the terms.
Student debt has become a bigger and bigger presence in the finances of Americans. A recent analysis by Experian points to such debt having increased considerably here in the U.S. over the past decade.