What happens if I miss a payment?

If a payment is missed when dealing with Nissan Credit, it is important to understand the potential consequences. First, a late payment can lead to additional fees being added to the account. These fees vary depending on the specific terms outlined in the financing agreement. In most cases, it can also negatively impact the individual’s credit score, which can make future borrowing more challenging. Following a missed payment, Nissan Credit may attempt to contact the individual to remind them of the payment due. Consistent missing of payments can result in more serious actions, including repossession of the vehicle, especially if the account falls significantly behind. It is crucial to communicate with Nissan Credit as soon as a payment issue arises. This may lead to options such as payment deferrals or adjustments, depending on the specific situation. For the most accurate and detailed information, individuals may want to look at the terms of their financing agreement or visit the official Nissan financing website for specific guidelines and contact information.