Uncertainty is life’s only certainty. Change can take many forms and come at any time. If those changes leave your finances a mess, you may find you’ve missed a Hyundai payment because of something out of your control. It’s essential to get back on track quickly, and Keyes Hyundai has three tips to help you do exactly that.
Contact Your Lender
The first thing you’ll want to do is get in touch with your lender to tell them about your situation. If this is the first payment you’ve missed, you might not have to pay a fee as long as you can pay the past-due amount in full. If your issue stems from the payment date not aligning with payday, changing the due date may be an option, too.
Review Your Finances
If the missed payment was the result of job loss or a change in income, it’s important to assess your finances thoroughly. There may be ways to reduce your expenses or free up money so you can more easily pay for your car. You may also want to look into refinancing to lower your monthly payment.
Automate Your Payment
One of the main reasons why people miss payments is simply because they forget. If this is what happened, there is an easy solution: automate. It’s easy to set up an automated debit so that money is automatically taken from an account on the same day every month. When you do this, you don’t have to remember to make the payment.
Keyes Hyundai Can Help
A missed Hyundai payment isn’t the end of the world. It is, however, important to take action when it happens. For additional guidance, contact Keyes Hyundai in Van Nuys, CA.
