Missing a Honda payment can happen to anyone. However, it’s important to act quickly to protect your credit and avoid additional penalties. Whether it’s your first time or an ongoing challenge, Honda Van Nuys can help you get back on track.
Review Your Payment Status
Start by logging in to your Honda Financial Services® account or checking your latest billing statement. Confirm the payment due date, grace period (if any), and whether a late fee has already been applied.
Contact Honda Financial Services
It’s best to be proactive. Call or email Honda Financial Services to explain your situation. In many cases, they may offer flexible solutions such as payment deferment, loan extension, or a revised payment schedule.
Catch Up as Soon as Possible
Even if you’re only a few days late, catching up quickly can prevent credit reporting and limit your fees. If you can, make a partial payment while working on a plan for the remainder.
Set Up Payment Reminders or AutoPay
Once you’ve resolved the missed payment, consider setting up automatic payments or email/text alerts. Honda Financial Services provides options for monthly reminders to help keep your account in good standing.
Know the Long-Term Consequences
Late or missed payments may affect your credit score and could trigger default after multiple delinquencies. Staying informed and communicating openly with Honda Financial Services can help avoid repossession or legal collection.
Explore Refinancing or Loan Modification
If you're worried about your long-term ability to manage monthly payments, refinancing your auto loan might be a solution. Honda Financial Services or a third-party lender may be able to offer better terms. Loan modifications can reduce your monthly burden without requiring a new application.
Rebuilding After Missed Payments
If your credit has been impacted, take proactive steps to rebuild. Make all future payments on time, consider enrolling in credit monitoring, and limit new debt. Honda Financial Services may report positive activity once your account is current, helping you recover more quickly.
We're Here to Help at Honda Van Nuys
If you're concerned about future affordability or need help exploring trade-in options, our finance team is here to support you. Visit Honda Van Nuys for personalized assistance and guidance.
