Exeter Finance is a financial institution that offers loans for purchasing vehicles. They do not typically allow customers to skip a payment, as this could result in late fees and potentially have a negative impact on the customer’s credit score. However, in certain circumstances, such as financial hardship or extenuating circumstances, customers may be able to request a deferment or modification to their payment schedule.
In order to qualify for a payment skip or modification, customers must contact Exeter Finance directly and explain their situation. The company will review the request and determine if the customer meets the criteria for a payment accommodation. Customers should be prepared to provide documentation to support their request, such as proof of income or financial hardship.
It is important for customers to communicate with Exeter Finance as soon as possible if they are experiencing difficulty making their payments. By being proactive and transparent about their situation, customers may have a better chance of receiving assistance from the company.
Overall, while Exeter Finance does not typically allow customers to skip a payment, they may offer accommodations in certain circumstances. It is important for customers to reach out to the company and discuss their situation in order to explore potential options for payment assistance.
Is Exeter Finance predatory lending?
Courts have held that lending is unlawful under the statute if lenders do not have a basis for believing that borrowers will be able to repay their loans in normal course. Exeter also allegedly mishandled servicing and collecting activities in violation of the Attorney General’s debt collection regulations.
What bank owns Exeter Finance?
The acquisition of Exeter is one of several auto industry investments made by Warburg Pincus, which has more than $60 billion in private equity assets. Its over-200 company portfolio includes investments in Santander Consumer USA, China Auto Rental and Car Trade.
What kind of company is Exeter Finance?
At Exeter, we focus on being a premier auto finance company and lender of choice known for its people, performance and service. We work with thousands of franchised and independent dealers nationwide to make vehicle ownership possible for everyone.
What happened to Exeter Finance?
Exeter Finance LLC, a leading indirect auto finance company, announced today that it has entered into a definitive agreement to be acquired by an investor group led by Warburg Pincus from funds managed by…
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