Missing one car payment wouldn't bring the repo man, would it?

[tjdee]

Would it? I'll end up making two payments in August, but I'm just curious whether I should be more worried.

[RebelOne]

1. Don't worry about it if you are financed through a bank

or the auto credit company. My loan is through Ford Credit and I've missed payments before and just made them up the next month.

[tjdee]

3. HSBC is a bank isn't it LOL?

:dunce:

Who would you have the loan with, if it wasn't a bank or auto credit company?

Thanks for the reply!

[RebelOne]

6. A lot of the smaller independent car dealers

finance their own sales. Them I would worry about.

[taterguy]

2. Hope you enjoy riding a bicycle :)

[tjdee]

4. Nooooo!!

I so don't!

[taterguy]

5. You might not have a choice

[outofbounds]

7. If its a credit union, it just might

I was out with a staph infection for six weeks and they knocked at the door. I called and explained the situation and they waived the payment and added it to the end of my loan. It did teach me to talk to my lenders when I needed a little time. I was 40 days late.

[elehhhhna]

8. call them now and explain. they don't WANT to repo your car.

[LynneSin]

9. It's always a safe bet to contact your financial institute

and let them know why you are late and that you plan to pay double the following month.

Edit note: If banks repo'd after one missed payments there would be alot more of us walking and taking public transportation.

But missing a payment will show up in your credit report but perhaps if you call them they make make an exception for you

[graywarrior]

10. Yeah, what they said.

Call them.