Car Loan Debt Solutions

Summary

If you cannot afford your car loan, consider contacting the lender for hardship programs, selling the car as-is, or voluntary repossession. In Fairburn, GA, you can also negotiate with the lender, seek legal advice, or consider bankruptcy if you have other debts. Bankruptcy generally does not discharge student loans unless you prove undue hardship through an adversary proceeding. Consult a local attorney for personalized advice.

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I'm in Fairburn, GA
Here are a few more options you might consider given your location in Fairburn, GA:
- Negotiate with the Lender: Sometimes lenders are willing to settle for a lesser amount if you can pay a portion of the debt.
- Seek Legal Advice: Consult a local attorney for advice tailored to your situation, especially if you face potential legal repercussions.
- Consider Bankruptcy: If you have other debts, bankruptcy might be an option to discharge or restructure your debt.
Is there anything specific you'd like to know more about?
Did bankruptcy remove student loans?
In general, bankruptcy does not automatically discharge student loans. However, you might be able to discharge them if you prove "undue hardship," which is challenging and requires a separate legal process. Here are key points:
- Undue Hardship: You must demonstrate that repaying would cause significant financial difficulty.
- Adversary Proceeding: File a lawsuit within bankruptcy to argue your case.
- Legal Assistance: Consult a bankruptcy attorney for guidance.
Would you like more information on this process?