 TITLE: How Bad Is It to Default on a Car Loan? CONTENT: Avoid Defaulting on a Car Loan\n------------------------------\nWhen you're in financial trouble, defaulting on a car loan might seem like an easy way out. In reality, the negative effects on your credit score can linger for years, making it harder to achieve long-term financial goals such as buying a home.\nTalking to your lender is the first step to avoid defaulting on your auto loan. Checking your credit score and report will help you determine if you qualify for options such as refinancing or debt consolidation loans, which often require good credit. You can get a free copy of your credit reports through AnnualCreditReport.com. You can also check your credit report and score for free through Experian. If you're struggling with debt or with your finances in general, a reputable credit counseling service can help you create a plan for getting out of debt and managing your money. END