--- title: "Scam Victims Financial Survival – Saving Your Car – Dealing With Car Loan Payments – 2023" canonical: https://romancescamsnow.com/scam-victims-financial-survival-car-payments-2023/ type: post author: "SCARS Institute Editorial Team" published: 2023-12-04 modified: 2023-12-04 categories: ["♦ SCAM VICTIM FINANCES & MONEY RECOVERY", "2023", "Financial Survival", "Insights", "Victim Financial Recovery"] summary: "" organization: "SCARS Institute - Encyclopedia of Scans - World's #1 Anti-Scam Website - Romance Scams NOW" organization_url: https://romancescamsnow.com/ llms: https://romancescamsnow.com/llms.txt --- # Scam Victims Financial Survival – Saving Your Car – Dealing With Car Loan Payments – 2023 # Scam Victims Financial Survival Saving Your Car & Dealing With Car Loan Payments ## Helping To Overcome Scam Victim Financial Crisis ### Scam Victim Financial Survival - A SCARS Insight ## If You Are A Scam Victim, What Do You Do If You Can’t Make Car Payments ## Scam Victim Financial Survival Information ##### Portions Courtesy of the United States Federal Trade Commission ## The Financial Crisis Scam Victims Face - Financial Survival Being scammed can be a devastating experience, both emotionally and financially - Financial Survival can sometimes be as traumatic as the scam itself. In addition to the emotional trauma of being deceived and violated, scam victims often face a significant financial survival challenges. The amount of money lost can vary depending on the type of scam, but even a small loss can have a major impact on a person's finances. ### The Financial Impact of Scams The financial impact of scams can be devastating. Victims may have to dip into their savings or retirement accounts to cover their losses. They may also have to take on additional debt or even declare bankruptcy. In some cases, victims may lose their jobs or homes. In addition to the immediate financial losses, scam victims may also experience long-term financial problems. They may have difficulty getting loans or credit cards, and they may have to pay higher interest rates. They may also be more likely to fall victim to scams in the future. ### The Emotional Impact of Scams The emotional impact of scams can be just as devastating as the financial impact. Victims may feel betrayed, angry, and ashamed. They may also have difficulty trusting others. This can lead to isolation, depression, and anxiety. ## Saving Your Car - Scam Victim Financial Survival **According to the FTC** Trouble making car payments because of a scam? Are you worried about repossession? Unexpected life events, such as a major scam, can affect your ability to pay your bills, including car payments. If you’re worried that you won’t be able to make your next car payment, take action as soon as possible. If you get behind on your payments, your lender could repossess your car — sometimes without warning. Read on to learn what to do. - **Contact your lender now.** Don’t wait for the company to [repossess your car](https://www.consumer.ftc.gov/articles/0144-vehicle-repossession). Many lenders will work with customers if they think you’ll be able to pay soon, even if the payments are slightly late. If your lender agrees to any changes, make sure you have them in writing for later. - **Find out what rights you have in your state.** Check with your [State Attorney General](https://consumer.ftc.gov/now-leaving?external_url=https%3A%2F%2Fwww.consumerresources.org%2Ffile-a-complaint%2F&back_url=https%3A%2F%2Fconsumer.ftc.gov%2Fconsumer-alerts%2F2023%2F11%2Fwhat-do-if-you-cant-make-car-payments%3Futm_campaign%3Dwhat_to_do_if_you_can%E2%80%99t_m%26utm_content%3D1701710502%26utm_medium%3Dsocial%26utm_source%3Dfacebook%2Ctwitter%26fbclid%3DIwAR2-RYx687CRbKH-kEPqdpl3g2N18llQRGPN-Lex_Tc7L9vBfmellO1NXlc). States have their own rules about how cars can be repossessed and what happens after. - **See if you can refinance your loan**. This could make sense if a lower interest rate or longer loan could make your car payment doable. Be aware that a longer loan with reduced payments could help your current situation but also could increase your total costs. Make sure you refinance [with a credible lender or company](https://www.consumer.ftc.gov/articles/0255-auto-loan-modification-scams). ### But whatever you do, don’t try to avoid the problem by doing nothing. Even if you have to miss a payment, don’t be afraid to talk to your lender to learn about your options. Taking action early may help you limit or avoid paying more fees. A repossession could make it harder and more costly to get credit in the future. And you might be on the hook for any difference between what your lender gets for selling the car and what you still owe on it, plus any fees related to the repossession. ## More Scam Victim Financial Information: - [Scam Victim Finance & Money Recovery - Article Catalog (romancescamsnow.com)](https://romancescamsnow.com/dating-scams/spotting-scams-anti-scam-tips-article-catalog-2/) - [Understanding The Hard Times After The Scam (romancescamsnow.com)](https://romancescamsnow.com/dating-scams/rsn-guide-the-after-scam-comes-disaster/) - [Next Steps – Protect Your Financial Identity (romancescamsnow.com)](https://romancescamsnow.com/dating-scams/scars-next-steps-you-gave-the-scammer-your-information/) - [Online Banking Safety For Scam Victims – An Overview (romancescamsnow.com)](https://romancescamsnow.com/dating-scams/online-banking-safety-for-scam-victims-an-overview/) - [Reclaiming Financial Control After A Scam (romancescamsnow.com)](https://romancescamsnow.com/dating-scams/scarsrsn-guide-reclaiming-financial-control-after-a-scam/) - [Scam Victims Debt Part 1 – Recognize It, Confront It, Control It, Survive It! (romancescamsnow.com)](https://romancescamsnow.com/dating-scams/scam-victim-debt-recognize-it-confront-it-control-it-survive-it/) - [Scam Victims Debt Part 2: Debt Collection Scams & Managing Real Collections (romancescamsnow.com)](https://romancescamsnow.com/dating-scams/for-scam-victims-debt-collection-scams-managing-real-collections/) - [Scam Victims Debt Part 3 – Collections & Your Rights (romancescamsnow.com)](https://romancescamsnow.com/dating-scams/scam-victims-debt-part-3-collections-your-rights/) - [Scam Victim Debt Part 4: IRS/Tax Debt (romancescamsnow.com)](https://romancescamsnow.com/dating-scams/scam-victim-debt-part-4-irs-tax-debt/) - [Trouble Paying Your Mortgage or Facing Foreclosure? (romancescamsnow.com)](https://romancescamsnow.com/dating-scams/trouble-paying-your-mortgage-or-facing-foreclosure/) - [Urgent Financial Assistance For Scam Victims (romancescamsnow.com)](https://romancescamsnow.com/dating-scams/urgent-financial-assistance-for-scam-victims-scarsrsn-recovery/)