Natural disasters are all around us and now our neighbors to the south are experiencing some difficult times with wildfires. Please visit the American Red Cross donation page where you can donate to many disasters including the California wildfires or contribute to the Redwood Community Credit Union Fund where 100% of donations will go to the victims. Thank you.
Refinancing: If you qualify, you may be able to refinance your loan for an extended term and/or lower interest rate, which would reduce your monthly payments
Loan Modification: You may qualify for a modification of your existing loan in order to make your payments more affordable
Forbearance: You may qualify for temporary forbearance arrangements (i.e. extension of payment), depending on your situation
Sale: If you sell the vehicle yourself, you may be able to generate enough sale proceeds to pay off your loan in full. If the purchase price is insufficient to pay the loan in full, we may be willing to release the lien for less than the full balance and make alternative payment arrangements for the deficiency.
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