What happens if I miss a payment?

If you miss a payment on your Wells Fargo Automotive Finance account, there are a few things that could happen. Firstly, a late fee may be added to your account, which will increase the amount you owe. Additionally, the missed payment may be reported to the credit bureaus, which can negatively impact your credit score. It's important to note that Wells Fargo will make efforts to contact you and help you get back on track with your payments. They may offer options such as payment plans or loan modifications to assist you in catching up. However, if left unresolved, Wells Fargo may ultimately take legal action to recover the unpaid amount. Therefore, it is crucial to communicate with Wells Fargo and address any missed payments as soon as possible to avoid adverse consequences.