(I've had 1 deferment, the next has to be approved)
I have a 2013 honda Fit I bought from a Honda Dealer about 8 months ago, in August we made a move to a different state and had issues with my lined up job sticking. So in September I had to defer a car payment. I got a job since then and have managed to make the payments,rent,bills etc. As for this month my daughter's SSI was reduced 500.00 because my pay dates for a previous month fell as 3 paychecks in one month (I didn't actually make extra money) so I called Honda and the lady on the phone said a manager would have to approve a 2nd one in 8 months. I have proof our finances will be back to normal next month and thereafter. IF IT IS NOT APPROVED, what happens when I can't make this car payment? (I can't borrow from family and I don't own anything worth pawning) I just don't want my car being repoed.
Read more: What happens if I miss a car payment?