Quote Originally Posted by francais View Post
You may want to talk to your bank (where you got your car loan) about your current financial bumps, usually they will offer or meet you halfway for you to continue your loan. AFAIK usually they will arrange a longer term but higher interest (in the long run) for you. It is also their loss if they repossess your car, so they will eventually have to meet you halfway. Inform them as soon as possible.
Is refinancing even available in our local banks? Our banks are like sharks once they smell blood they'll pounce on the hapless client.

That's what I'm be been saying to people who are so thankful for the banks who gave them loans, you don't owe the bank any debt of gratitude.

Binabasa ran ng mga mga clients up to the last cent yun loan nila Sa banko.