What happens if I miss a payment on my loan?
Asked a year ago
If you miss a payment on your loan with Textron Financial, there are consequences that you should be aware of. First and foremost, it is important to note that missing a payment can negatively impact your credit score. Additionally, you may incur late payment fees or penalties. To avoid these consequences, it is advised to contact Textron Financial as soon as possible if you anticipate a missed payment or are having difficulty making your payment on time. They may be able to work with you to find a solution or discuss alternative payment arrangements. It is important to prioritize communication and proactively address any issues to prevent further complications.
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