Missing a car payment

[raildogg]

Just missed a car payment. I am !$$#$# up right now. Worked hard for credit but not sure how badly this will affect it.

 

[amdhunter]

Call them up.

 

[Baked]

Fail. File for ch. 11 stat.

 

[Jeff7181]

Oh.

 

[ChaoZ]

Ask for a bailout.

 

[IronWing]

How many wheels on your car now?



How about now?

 

[RadiclDreamer]

If you have been on time with all others sometimes they will let it slide. I've had checks go missing in the mail or take ages and they are ok with it. Just call em up the worst they can do is say piss off.

 

[mugs]

As long as you're not more than 30 days late, you should be fine.

 

[OrByte]

dont take the chance on just letting this slide.

Banks are hard up for money these days. Depending on the contract you signed a bank can send out the repoman after being 5 days late on payment. Yes some contracts are hardcore like that.

Call your lender. Work something out.

 

[raildogg]

Well this is with Mazda credit. Not sure if that makes a difference. I will call them tomorrow to ask for them to not put it on the record. Thanks.

 

[MagnusTheBrewer]

Dude, they sold your paper thirty seconds after you walked out the door. The repo man cometh.

 

[rh71]

Those repo-men come in the middle of the night, FYI.

 

[finite automaton]

You're fine.

 

[kranky]

How late was the payment? And how many times have you been late on that loan?

 

[compuwiz1]

How late, exactly, are you?
How old is the loan?

If you are going thru a temporary situation, call and ask the lender for an extension. What they will do is defer one or two payments to the end of the contract and will not report you as late, once they agree to the extension. Interest will still accrue, however, and there might be a fee for setting up the extension.

And read the back of your contract to find out where you stand as far as potential reposession. In Ca., as example, the contract says they cannot reposess unless the loan becomes 90 days delinquent.

 

[raildogg]

I got the car 3 months ago, made first 2 payments and am late 4 days on this one. But I did pay for next months payment along with this month's as well.

On my previous car, I made the payments on time.

 

[RaistlinZ]

Originally posted by: raildogg
Just missed a car payment. I am !$$#$# up right now. Worked hard for credit but not sure how badly this will affect it.

Automatic deductions FTW. Never be late on a payment again.

 

[waggy]

Originally posted by: OrByte
dont take the chance on just letting this slide.

Banks are hard up for money these days. Depending on the contract you signed a bank can send out the repoman after being 5 days late on payment. Yes some contracts are hardcore like that.

Call your lender. Work something out.

usually the ones that are that tough are ones at buy here pay here places.

 

[halik]

Originally posted by: mugs
As long as you're not more than 30 days late, you should be fine.

yupp, the you get reported to the credit bureau and dinged on your score

 

[raildogg]

Originally posted by: halik

Originally posted by: mugs
As long as you're not more than 30 days late, you should be fine.

yupp, the you get reported to the credit bureau and dinged on your score

So hopefully I won't get reported?

I can't wait till tomorrow so I can call to make sure. Thanks.

 

[Eli]

4 days? :laugh:

It's not even reported unless you're 30 days late.

 

[kranky]

You won't be reported for being 4 days late.

 

[richardycc]

just pay your car payment + late fee and move on with your life....

 

[XZeroII]

Originally posted by: raildogg
I got the car 3 months ago, made first 2 payments and am late 4 days on this one. But I did pay for next months payment along with this month's as well.

On my previous car, I made the payments on time.

you're fine. There is usually a leeway of at least a week. Just don't do it consistently.

 

[Flammable]

Originally posted by: ironwing
How many wheels on your car now?



How about now?

hahahahaha