Here at Hall Nissan Virginia Beach, we know that life can be unpredictable, and sometimes that might lead to missing a bill. It can be a stressful situation when you miss a Nissan payment, but if this has happened to you, don’t panic. Our finance team at Hall Nissan Virginia Beach wants to provide clear guidance for Virginia Beach drivers on what to do if you have missed a payment.
Act Quickly
While we don’t suggest panic, we also counsel against inaction. Address the situation promptly, because ignoring a missed payment won’t make it disappear. It can lead to severe consequences, such as additional fees and negative impacts on your credit score.
Contact Your Lender
Next, contact your auto loan lender. For most buyers who financed their car at Hall Nissan Virginia Beach, this is Nissan Motor Acceptance Company. The team of friendly customer service representatives is there to work with you and find a solution that works for everybody. It’s better to be open and honest about your situation, as they can only help if they are fully aware of the problem.
Discuss Your Options
When you speak with your lender, it’s important to explain your circumstances and ask what options are available to you. Ask about any late fees that may have been incurred and see if they offer any payment hardship programs, such as payment deferment. This could help move your payment to the end of the loan term, though interest will still accrue.
How We Can Assist at Hall Nissan Virginia Beach
Our experienced team at Hall Nissan Virginia Beach is always happy to offer advice on missed payments. We can help you answer any questions about the financing process, so visit us today!