We are an immediate loan specialist in Bethany, and we are quicker and more advantageous than run of the mill retail facade banks since we're based on the web and are open constantly. No compelling reason to sit tight for "ordinary business hours" or invest energy flying out to the store — our short application can be finished in not more than minutes. You can even apply from a cell phone while you're in a hurry!
We can loan up to $500 to Bethany occupants, in view of qualifying elements. On the off chance that endorsed, your credit will be expected on your next payday that falls in the vicinity of 10 and 31 days after you get your advance. Nitty gritty data with respect to expenses and reimbursement is accessible on our Rates and Terms page. As you consider whether an advance is proper for your prompt needs, you ought to likewise investigate other subsidizing alternatives. A payday credit is a genuine budgetary duty, and not an answer for long haul issues. Getting from a companion of relative may be a superior alternative.
Without going into the hairy (and embarassing) details, we've gotten behind on one of our installment loans (an auto loan) and when I contacted the bank to see about coming up with arrangements to bring our account up to date, I was told I needed to bring cash or else they would come get the vehicle. We had several debts we were behind in, and each and every one worked with us to bring our accounts current - except for one. The loan is through a reputable bank, too, not some dealership "in house" loan. I also mentioned we are a military family trying to invoke protections under the servicemember relief act, but that fell on deaf ears and since I'm not well versed on the protections under this act, I didn't feel I could press the point with them. Are they bluffing with me trying to collect or am I really in trouble with them? The vehicle is 4 years old and was purchased new so the note is close to being paid off and I can't imagine a bank would rather have the vehicle than their money.
It's a bluff. They won't start collections and repo actions unless you're at least three months behind. In the current credit climate, no bank is going to turn down a serious offer to get caught up. The caveat to this is if you've routinely fallen behind on payments through them and they don't expect that to improve. I'd check with your unit's public liaison officer or the JAG office and have them contact the bank on your behalf (or give you the information you need).
I would go to the bank personally (if possible) and talk to the loan officer that set up the loan or talk to the bank president. At first ask him/her your questions regarding the service member relief act, or other options such as refinancing the vehicle balance to lower payments. A face to face visit is much more affective than a telephone call, many times your telephone calls are directed to the collections department of the bank and the clerk's in that department are expected to be aggressive in their collection attempts. If the loan officer or bank president are unwilling to work with you, try talking with another bank about refinancing the vehicle balance. As you are already aware, there are many lending agencies that do want to work with you to help you meet your obligations. Good Luck To You
Do as the other post suggested, talk to someone on base about what protections you may or may not have under the relief act. You say you've had the car 4 years--was this before or after you joined the military? You do realize that just as you think they were bluffing you, you were attempting to bluff them. Get the facts.
Do realize that under military law they could start bothering your oklahoma for the payment if you get really far behind. That is when you could be in real trouble with the bank.