Will they take my car if I default on loan payments?
Date: Wed, 04/18/2018 - 22:26
If I default on my car loan payments, will they take my car or can I go for any alternative payment arrangement?
Depends on the lender. Are
Depends on the lender. Are you sure you'll default on your car loan payments? If so, then you can have a talk with the lender in advance and arrange an alternative repayment plan.
You need to convince the
You need to convince the lender to get an alternative repayment plan.
Submitted by Sanders Patricia on Thu, 04/19/2018 - 03:37
( Posts: 1241 | Credits: )
The lender will be willing to
The lender will be willing to work out a plan if it is favorable for the lender too.
You can ask your creditor to
You can ask your creditor to modify the loan terms and see if they come up with something. Usually secured loans can't be settled. So don't expect your amounts to be reduced! But they can provide a suitable payment plan!