Consumer: “I cannot make my car payment. If I pay the interest and a little towards the principal, can I keep the car until I get back on my feet?”
Attorney General Rob McKenna: Unfortunately, if you don’t make your payments, your lender may repossess your vehicle – and your blemished credit history can make it difficult for you to obtain another loan in the future. Plus, you will still owe the remaining balance on the vehicle you no longer have.
