How to defer Car Loan Payment
How to Defer your Car Payment
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hey my fellow quarantine ease this is
buried with your credit tool box and I
want to talk this afternoon about other
payment deferral so I'm getting a lot of
emails a lot of messages things like
that people call in hey how do I defer
my payment on my car how do I you know
what do I say - what trick is it how do
I do it well first off it's not a trick
okay
this is something that car lenders have
been doing for years and years anytime
there's a disaster
anytime you follow any type of hardship
they already have programs most good
lenders most strong lenders 80 lenders
okay most of those lenders already have
a good program set up for emergencies
okay now I think some have went above
and beyond as far as this emergency goes
because they're having so many people
that are having to defer because of
layoffs and losing jobs and not working
for weeks and the quarantine and this
and that and everything that's just
happening with this Cove in nineteen so
I think everybody's trying to help and
something you got to realize too is the
people you're talking to on the
telephone and you talk to them on the
telephone they're going through the same
situation like you are we're all in this
all together so everybody's trying to
help everybody but you have to go ahead
and do this so here's the best way that
I'm finding to do this is go online to
your online account use your username
and your password log in and usually
it's right there on the screen I mean
it's right on the screen whatever the
deferral program is okay if it's not
there then they have a little search bar
there that says search search pavement
deferral or search kovat nineteen
payment deferral or so it's coronavirus
emergency deferral you know just try
different searches to find it if you
can't find it there then try to call
them one thing I'm finding out with
calling them is it's taken a while
to get somebody on to actually get
somebody on the telephone so you may
just want to shoot them an email if you
look at the bottom of this post I have a
template are you set up or you have to
do is copy and paste it change my
information to your information and
email a tool or you can send it
certified mail okay send it certified
mail they're gonna get it they'll mail
you back a response or they'll call you
definitely put your number at the bottom
of the letter if you're going to certify
mail it but if they do call you get them
to send you something telling you what
the agreement is in your email okay and
make sure you can live up to that
agreement okay and make sure that you
understand what that agreement is
whether they're deferring it to the end
of the loan whether they're deferring it
for 90 days however they're doing the
deferral make sure you understand what
it is and that you're able to look that
you're able to do that that you're able
to live up to that okay good luck with
that if anybody needs my help keep
checking our Facebook page your credit
toolbox or you can check on YouTube and
subscribe to us your credit toolbox on
YouTube and don't forget the templates
going to be at the bottom of the page
and act now
