Before you default on a loan...
Sometimes, money gets tighter and you may think that your last option is to reluctantly default on your car loan. But guess what? Direct2Wheels has got some great news for you! Have you ever considered refinancing your vehicle?
If you've made your payments on time, you might be able to get refinanced or get a trade that could lower your interest rate. A lower interest rate means lower monthly payments and a happier wallet!
If that's not an option, you see with your financial advisor if a payment deferral could be applicable to your situation. Doing so, you could keep your vehicle but skip a month of payments or two (most common option), or lower the monthly payment temporarily. Note that not all lenders offer these options, but will be mentioned on the loan paperwork or their website.
At Direct2Wheels, we want to help you get back on your feet and accompany you through your credit recovery journey. Got other questions about your credit? Contact us today!
Call or Text: 403-505-0642
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