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Worried about making your auto loan payments? Your lender may have options that can help

Worried about making your auto loan payments? Your lender may have options that can help Most consumers rely on cars to function in their everyday lives: commuting to jobs and school, visiting family and friends, and carrying out daily errands and tasks. Sometimes the unexpected happens that puts a strain on your wallet. A temporary financial burden-such as a job loss, medical emergency, or car repair-could cause you to fall behind on your auto loan payments. Missing payments can have significant impact on your finances, including negative credit reporting, increased fees on your loan, and repossession of your vehicle. If this happens to you, your lender may have several options to avoid falling behind in the midst of a financial hardship. How to work with your lender to avoid falling behi...

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