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Can a bank refinance your car if you are upside down on the payments?

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YES! You don't make your payments and they will repo. They will then sell the car and you will be responsible for the difference in what the car sells for and the balance on the note. Don't let it happen. Contact the lender and work something out.

Contributor: Clay
First answer by Clay. Last edit by Clay. Contributor trust: 4945 [recommend contributor recommended]. Question popularity: 71 [recommend question].

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