Hi
I am so stressed out I have really messed up , due to nearly being homeless and alot of circumstances this year I have missed about 6 payments on my car loan , I have had no contact from them and I haven't contacted them either and now I'm freaking out about it. This is my 2nd car loan through money3. Has anyone had any experience with this? What should I do to resolve this? After being approved for a house my rent is an extra $200 a fortnight and I'm just in over my head. I also have serious anxiety about dealing with people over the phone let alone in person.
5 Replies
Is selling the car a option? Or maybe sending the loan company an email, that way you don’t have to talk to anyone and you have it all in writing. I’d prefer to email them as I don’t like talking on the phone either.
Weigh up whether or not you can afford the car. Once you know, contact them. See if you can terminate the loan by giving up the car or pay extra to catch up.
I'd make contact.
Chances are they would prefer to keep your business rather than repossess you car.
Are your contact details correct? It's a little unusual that you haven't received a Notice of Demand yet, or gotten any form of contact.
So make contact, because you have to.
The longer you leave it, the worse it will be for you. Make contact, fix up the issue, see if you can renegotiate your interest rate, the life of the loan etc.
You need to suck it up princess.
You HAVE to call them. Sort it out now, otherwise it will be a million times worse, later.
If you can’t afford a car and a roof over your head, then sell the car.
Then I highly suggest you read something like “the barefoot investor “ and sort out your finances.
I can’t believe anyone would be so stupid and not contact them after the first missed payment. 🤷🏼♀️🤷🏼♀️🤷🏼♀️