I MISSED A PAYMENT ON MY BAD CREDIT CAR LOAN! WHAT DO I DO?

Bad things happen to good people.  It is sometimes hard for people to keep up with all of their payments all of the time.  If you have missed a payment, it is time to consider one of the following:

Call your Lender!

• The harsh reality of missing a bad credit car loan payment is the risk of repossession.  Your lender can repossess your car without any advance notice or authorization to come onto your property.  Avoiding phone calls, and attempts to contact, you are leaving the lender no choice but to retrieve your vehicle.
• Lack of communication with your lender gives the impression that you are defaulting and ignoring your lender.
• Contact your lender!  They most likely will be able to work with you.  Do not avoid your bad credit car loans lender at any cost.

Be Proactive!

• When you realize you are going to miss a payment, call your lender!  Ask for an extension to make the payment.  
• Open lines of communication are needed in the relationship between you and your bad credit car loan lender.  They are there to help you.

Make your Payment!

• If your lender gave you an extension on your payment, honor your agreement.  

Having a repossession will show up on your credit report.  Keep a strong relationship with your bad credit car loan lender.  It is very important to make your bad credit car loan payment.  Do not get behind.  If and only if it is an emergency and you cannot make your payment would you then contact your lender.  This is your chance at improving your credit score and not having to deal with the struggle that comes along with bad credit.  Do not take advantage of this opportunity!  Make your payments on time towards your bad credit car loan!