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I’m Afraid We Are Going to Lose Our Vehicles to Repo? – James

“Dear Steve,

Hi, I am currently out of work and my wife will start a travel position October 5th. We are behind on our car and truck payments 1 month. We just modified our home and got our payment lowered for 5 years. We will be able to catch up on our payments within 2 months, but I’m afraid we are going to lose our vehicles before then. We have already gotten a deferment on my truck and van, so that won’t work. don’t really know what to do. Just don’t want to lose our vehicles, what do you suggest.


Dear James,

I had the following questions that I’d like for you to answer before I can answer your question. Please post your answers in the comments section of your question. I’m looking forward to helping you for free.

  1. How many vehicles do you have? Van, truck, car?
  2. What are the monthly payments for each?
  3. How much can you afford to pay in total towards vehicle payments each month currently?
  4. Which vehicles do you absolutely need?

If any reader wants to offer advice in the comments section please feel free to participate.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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