Grace Period for Car Payments: The Ultimate Guide
Share this article:
Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
When Is a Car Payment Considered Late?
How Many Days Is the Grace Period for Car Payments?
Is There a Late Car Payment Fee?
Is Partial Payment Considered a Late Car Payment?
What Happens If I Still Do Not Pay After the Late Car Payment Grace Period?
1. Late Car Payment Fees
2. Potential Impact on Your Credit Score
3. Car Repossession
Options to Avoid Repossession
The Takeaway
About the Author
Alyssa Schwartz is a freelance writer who writes about personal finance, lifestyle, and other topics.
Share this article: