why do banks raise you car payment without telling you ?

Answer 1

I didn't think they could do that unless you miss a payment or something....because w/my car I have a payment book that's already made out for each month I own the car..and the payments are the same...I never heard of that

Answer 2

They only time you will be charged more is if, you have missed a payment(default of loan)were late with payments, exceeded your credit with another company and it was reported on your credit report, or you signed a balloon payment type loan.

Answer 3

some reasons include late payments, bounced checks, or changes in interest rates.

some loans also allow the terms to change if other loans to that customer are late.

any of these situations apply to you?

You might try reading the loan document for a reason