Will Ford Credit do this for a person who just has to weather one more month of unemployedness w/ A+ history?

Question

;;;;;Will they allow me to "skip" or defer a single payment thus saving my credit rating and allowing me to get through the last month of drought job-wise? Teacher.

Answer 1

Only Ford Credit can answer that. You need to call them directly. Nobody will let you "skip" a payment. However, if you've made every payment on time during the life of your contract, they may let you defer a payment with a new due date.

This is where it can get tricky. If they do defer your due date by 30 days, they may want you to make a double payment at that time. If it's less than a 30 day deferment, they may only charge you your current payment and a portion of the deferred payment to get you back on track.

It can only help to call them. Explain your situation and ask if they'll extend your contract by a month so you won't have a double payment to make next month. Be honest and by all means, be pleasant! Good luck.

Answer 2

Doubtful.

Most lenders want to you to at your current employer for several months before approving you for a loan.

You don't need Ford Credit to buy a $3000 beater to get you buy, though.