Can the bank let you skip a payment?

Question

Im unemployed, i have looked for a job i get up early, and they just dont call me, and i have a car loan that was due 10 days ago...I've talked to the bank and they told me that its ok as long as i pay it before the next bill...But i really cant afford it right now, and i dont want to lose my car. Can they be able to skip a payment? or at least at it to the contract???

What can i do? plz help

thanks

Answer 1

I am not going to  say I am one hundred percent sure about the answer.Besides it really depends on the personal feelings.SO it would better for you to find yourself.Here is a good resource.http://carloan.onlineidea.info/free-car-...

Answer 2

It's part of your inital loan contract. Where there any 'skip a payment' features included? If not, I don't know if they'll honor it now. And in any event don't wait until AFTER the due date to consider it because they might not even honor it1

Call the bank ASAP and work a payment plan out. You'll end up losing your car and credit.

Answer 3

If u didn't have the car payment this month and feel as though u won't have the car payment next month, do not prolong the issue. Call the bank and talk to someone in the bank.

I have heard of banks offering to extend the loan for a year or two that will lessen the payments from month to month.

But, whatever u do, do not prolong the matter. Not a good  idea.

Answer 4

You need to call them and ask them to move this payment and the next one to the end of your loan. They will do this once a year and only once as a courtesy for you. Hope this helps, I had to do this once myself. Good luck

Answer 5

Call the bank.  They may let you pay interest only and add the payment to the end of the loan.