 TITLE: Can You Buy a Car With a Repossession on Your Credit Report? CONTENT: Ways to Avoid Repossession\n--------------------------\nBecause a repossession can have such a big impact on your credit history and score, it's important to take steps early to avoid missing payments on your auto loan and risking default. Here are some things you can do:\n*   **Communicate with your lender.** It's in both your and your lender's best interest to find a way to keep you current on your auto loan. Depending on the lender and your situation, this may include a modified payment plan or forbearance, which allows you to pause payments for a few months while you get back on your feet.\n*   **Refinance your loan.** If possible, you may be able to refinance your loan through another lender and ask for a longer repayment term. While this means you'll end up paying more in interest over the life of your loan, it could help you reduce your monthly payment to a more affordable level.\n*   **Ask for help.** Loved ones may be willing to help you financially, which could provide the short-term relief you need to keep up with your payments and avoid default. You may also be able to request financial assistance from the government or community assistance programs to cover other aspects of your budget, such as groceries and utilities, allowing you to use that cash flow to make your debt payments.\n*   **Surrender the vehicle voluntarily.** If you're getting close to defaulting on your loan and can't find a way to avoid doing so, you may choose to voluntarily surrender the vehicle to your lender. This can not only be a better experience emotionally, but could also be a way to save money on repossession-related expenses.\nIf you're worried about missing a payment on your auto loan, take steps immediately to try to avoid going down the path toward default and repossession. END