I have a car payment that I pay every month on time, and I lost my job in December and called my finance company, told them the news and they said i qualified for a "deferment" Basically i skip a payment and they attach it on the back end(meaning when my car payment is paid, i make one more payment)......Do they report that ?
2007-03-28 04:33:28 · 5 answers · asked by gsxr650 3 in Business & Finance ➔ Credit
Have gotten a job since then and have continued to make every payment on time.
2007-03-28 04:34:10 · update #1
no, this will not affect your credit in a negative way. this is something your finance company did for you, probably cause you are a valued customer. Now if you make a late payment or skip a payment altogether , or decide to return the car because you cant pay,then that will be a negative mark. congrats on the new job!
2007-03-28 04:38:53 · answer #1 · answered by Anonymous · 0⤊ 0⤋
deferment is when you need to put a bill on hold for a good cause and it dont go on your credit report unless you dont have good standards on your bill
2007-03-28 04:37:57 · answer #2 · answered by lizziemoffles 4 · 1⤊ 0⤋
well no, it doesn't hurt your credit, but be careful if they charged u a deferment penalty or accidently reported you as late
2007-03-28 04:41:07 · answer #3 · answered by ms.chic 3 · 0⤊ 0⤋
no , it wont show on your credit report.
2007-03-28 04:36:27 · answer #4 · answered by sexyquonny 3 · 0⤊ 0⤋
surely no doubt
2007-03-28 04:36:30 · answer #5 · answered by siva k 2 · 0⤊ 1⤋