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We’ve all been there – when the loss of a job, an emergency, or an unexpected expense had us struggling to make ends meet. It’s even harder when you have loans that must be paid since missing payments have dire consequences. While it sounds like there’s nothing you can do, there are steps you can take to mitigate the fallout. Here are your options when you can’t pay your special financing auto loan Nanaimo British Columbia.
3 Options If You Can’t Pay Your Loan
- Contact the Credit Company: Hiding from your creditor is the worst thing you can do. It’s better to be upfront and proactive. Inform the lender of your financial situation and payment issues. Most lending companies will offer a compromise, like a deferment. Take advantage of this since it will help protect your credit.
- Prioritize Key Expenses: It’s time to tighten your belts and focus on the essential expenses. This means your food, housing, transportation, and utilities. You should also try to pay as much as your other loans or bills as you can.
- Think About Debt Consolidation: If you have a car, you can use it to get a special financing auto loan and consolidate your debt. This can help you manage your finances since you’ll only worry about one loan payment instead of multiple due dates.
Same Day Cash
Apply now at Canada Car Cash and get the funds you need within the day. The company specializes in title loans and can provide you with more money than other lenders. Their interest rates are 70% lower. They also have affordable monthly payments and extended loan terms. You don’t even have to worry about credit or employment checks. Sign up on their website or call their toll-free number at 1-844-598-7631.
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