Handling Late Fees Owed on Car Loan

by william
(Waukegan IL)

I have 3months left on my car payments. When i make the last payment i will still owe about 1800 dollars in late fees. The reason being i was paying off a court ordered judgment thru payroll deductions so many times i was late.and i do owe the fees. the judgment is now paid but i don't have enough time to cacth up will the take my car at the end of the contract or will they negotiate a payment option in general is this done

Comments for Handling Late Fees Owed on Car Loan

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Sep 02, 2011
Handling Late Fees Owed on Car Loan
by: Debtcollectionanswers.com

I have no idea what your auto lender will do in regard to the late fees that you owe. However, I would be proactive if I were you and call them now to find out.

If you cannot pay the late fees in one lump sum, then try to work out a payment plan with the lender. I expect that the fact that you have taken the initiative to contact the lender about how to take care of those fees will make it more willing to work with you because you will come across as a responsible individual who wants to pay what you owe.

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