AutosTalk Forums  

ford credit late payment?

Ford Explorer 1991+ Ford Explorer SUV (rec.autos.makers.ford.explorer)


Discuss ford credit late payment? in the Ford Explorer forum.

Reply
 
Thread Tools Display Modes
  #1  
Old   
Dave Hauss
 
Posts: n/a

Default ford credit late payment? - 07-30-2004 , 05:37 AM






Can someone tell me what happens if I am supposed to make a payment on
my auto by the 2nd of the month but can not? DOes ford credit have a
grace period? are there any fees? I could nto find any info on the
ford credit web site

Thanks.



Reply With Quote
  #2  
Old   
wth
 
Posts: n/a

Default Re: ford credit late payment? - 07-30-2004 , 07:28 AM






Your best bet would be to call them and explain. If you have been making
timely payments to FMC in the past, that would be a plus for you. Remember,
the last thing FMC wants to do is repossess your car, but they do want you
payments. Besides, a repo on your credit report/history would not be a good
thing.
wth

"Dave Hauss" <dahauss (AT) unlimitedsounds (DOT) com> wrote

Quote:
Can someone tell me what happens if I am supposed to make a payment on
my auto by the 2nd of the month but can not? DOes ford credit have a
grace period? are there any fees? I could nto find any info on the
ford credit web site

Thanks.



Reply With Quote
  #3  
Old   
Richard Ray
 
Posts: n/a

Default Re: ford credit late payment? - 07-30-2004 , 10:17 PM



Dave Hauss wrote:
Quote:
Can someone tell me what happens if I am supposed to make a payment on
my auto by the 2nd of the month but can not? DOes ford credit have a
grace period? are there any fees? I could nto find any info on the
ford credit web site

Thanks.
What they will want to do with you is whether you pay your note with
your existing resources. They have been known to lower an interest rate
and change the due date to keep from having to repo the car. By all
means CALL THEM NOW and make arrangement before the tow truck arrives.
At that point, it's too late. Ford Credit is in the business of lending
money for selling cars. Ford's dealerships, along with used car lots,
would sell your car. Ford Credit does not want your car. They want your
money. They will take a loss when the car is sold at auction. Guess who
will be liable for the deficiency? You will. Be up front with them and
they will probably work with you.


Reply With Quote
  #4  
Old   
akheel
 
Posts: n/a

Default Re: ford credit late payment? - 07-31-2004 , 02:44 PM



dahauss (AT) unlimitedsounds (DOT) com (Dave Hauss) wrote in
news:49ee2b57.0407300137.388af5fe (AT) posting (DOT) google.com:

Quote:
Can someone tell me what happens if I am supposed to make a payment on
my auto by the 2nd of the month but can not? DOes ford credit have a
grace period? are there any fees? I could nto find any info on the
ford credit web site

Thanks.
Having a wife who is totally disorganized and therefore often late on bill
payments, I can tell you they have a 10 grace period before they hit you
with a late charge. On our $470 payment it was about $35. And remember, its
when they get it, not when you mail it.


Reply With Quote
  #5  
Old   
MMccoy01
 
Posts: n/a

Default Re: ford credit late payment? - 07-31-2004 , 10:00 PM



Something to remember when financing through Ford Credit. They allow
dealerships to bump up the interest rates by up to 2-1/2 percent and take the
increase as a kickback. So when the dealer says he can get you financed for
7-1/2%, Ford credit is likely only charging 5% and the dealer is getting the
rest.

Reply With Quote
  #6  
Old   
Anthony Giorgianni
 
Posts: n/a

Default Re: ford credit late payment? - 08-01-2004 , 11:46 PM



Common industry-wide... and for leasing, too!
--
Regards,
Anthony Giorgianni

The return address for this post is fictitious. Please reply by posting back
to the newsgroup.

"MMccoy01" <mmccoy01 (AT) aol (DOT) com.nospam> wrote

Quote:
Something to remember when financing through Ford Credit. They allow
dealerships to bump up the interest rates by up to 2-1/2 percent and take
the
increase as a kickback. So when the dealer says he can get you financed
for
7-1/2%, Ford credit is likely only charging 5% and the dealer is getting
the
rest.



Reply With Quote
  #7  
Old   
Richard Ray
 
Posts: n/a

Default Re: ford credit late payment? - 08-03-2004 , 02:17 AM



akheel wrote:
Quote:
dahauss (AT) unlimitedsounds (DOT) com (Dave Hauss) wrote in
news:49ee2b57.0407300137.388af5fe (AT) posting (DOT) google.com:


Can someone tell me what happens if I am supposed to make a payment on
my auto by the 2nd of the month but can not? DOes ford credit have a
grace period? are there any fees? I could nto find any info on the
ford credit web site

Thanks.


Having a wife who is totally disorganized and therefore often late on bill
payments, I can tell you they have a 10 grace period before they hit you
with a late charge. On our $470 payment it was about $35. And remember, its
when they get it, not when you mail it.
And adding my .02, if you have a computer, Quicken with Checkfree is
your best friend. Once you set it up, Checkfree sends your payments for
you for a flat fee. If it gets there late, assuming you sent it to them
in time for processing, they eat the late fee. All you have to do is
keep your checking account with enough money to pay the bills. Take out
the "funny money" for yourself and let the computer do the rest.
And you have control of your money, you can stop the service or any
individual, given 4 days notice, at any time.


Reply With Quote
  #8  
Old   
Dave Cilluffo
 
Posts: n/a

Default Re: ford credit late payment? - 08-03-2004 , 07:20 AM



Richard Ray wrote:
Quote:
akheel wrote:

dahauss (AT) unlimitedsounds (DOT) com (Dave Hauss) wrote in
news:49ee2b57.0407300137.388af5fe (AT) posting (DOT) google.com:


Can someone tell me what happens if I am supposed to make a payment on
my auto by the 2nd of the month but can not? DOes ford credit have a
grace period? are there any fees? I could nto find any info on the
ford credit web site

Thanks.



Having a wife who is totally disorganized and therefore often late on
bill payments, I can tell you they have a 10 grace period before they
hit you with a late charge. On our $470 payment it was about $35. And
remember, its when they get it, not when you mail it.


And adding my .02, if you have a computer, Quicken with Checkfree is
your best friend. Once you set it up, Checkfree sends your payments for
you for a flat fee. If it gets there late, assuming you sent it to them
in time for processing, they eat the late fee. All you have to do is
keep your checking account with enough money to pay the bills. Take out
the "funny money" for yourself and let the computer do the rest.
And you have control of your money, you can stop the service or any
individual, given 4 days notice, at any time.
I've been using Checkfree for quite some time (sans Quicken) and have
never had to pay any fees.



Reply With Quote
  #9  
Old   
MMccoy01
 
Posts: n/a

Default Re: ford credit late payment? - 08-03-2004 , 08:15 AM



Quote:
And adding my .02, if you have a computer, Quicken with Checkfree is
your best friend. Once you set it up, Checkfree sends your payments for
you for a flat fee.
If you were going to do it automatically, wouldn't it be better to just let
Ford make electronic transfers from your bank account for NO fee?


Reply With Quote
  #10  
Old   
Richard Ray
 
Posts: n/a

Default Re: ford credit late payment? - 08-03-2004 , 05:07 PM






Dave Cilluffo wrote:

Quote:
Richard Ray wrote:

akheel wrote:

dahauss (AT) unlimitedsounds (DOT) com (Dave Hauss) wrote in
news:49ee2b57.0407300137.388af5fe (AT) posting (DOT) google.com:


Can someone tell me what happens if I am supposed to make a payment on
my auto by the 2nd of the month but can not? DOes ford credit have a
grace period? are there any fees? I could nto find any info on the
ford credit web site

Thanks.




Having a wife who is totally disorganized and therefore often late on
bill payments, I can tell you they have a 10 grace period before they
hit you with a late charge. On our $470 payment it was about $35. And
remember, its when they get it, not when you mail it.



And adding my .02, if you have a computer, Quicken with Checkfree is
your best friend. Once you set it up, Checkfree sends your payments
for you for a flat fee. If it gets there late, assuming you sent it to
them in time for processing, they eat the late fee. All you have to do
is keep your checking account with enough money to pay the bills. Take
out the "funny money" for yourself and let the computer do the rest.
And you have control of your money, you can stop the service or any
individual, given 4 days notice, at any time.


I've been using Checkfree for quite some time (sans Quicken) and have
never had to pay any fees.

Some banks will pick up the charges for you. Standard Quicken Checkfree
charges are $9.95 for first twenty transactions, $2.49 for each
additional ten. It's the link between the Quicken and Checkfree
interface that I believe is being paid for.
This way I'm not tied to any bank.


Reply With Quote
Reply




Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off



Powered by vBulletin
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.