Call your lender. Sometimes they will allow you to make interest only payments and add payments to the end of the loan. It's not very good financial management but if you just need a couple months to get over the hump, you may be able to work something out with the lender. Do not just take it upon yourself to send partial payments. You will just rack up addition charges in late fees.
by bdancer222 - 19 hours ago
If you don't pay the full amount required your payment will report late to your credit reports. Some lenders do not accept partial payments. They will return your check to you. Making partial payments will not reduce the likelyhood of repossession. Contact the finance company and tell them your situation and essentially "beg" for reduced payments for 6 months.
by Go with the flow - 19 hours ago
Probably not. You will have to ask the lender. As a general rule, any payment less than a full payment would put you in default and at the risk of repossession.
by Wayne Z - 19 hours ago
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