MANAGING YOUR CAR PAYMENTS AMIDST PERSONAL CRISIS

Money and mental health are strongly connected, as poor mental wellbeing can hinder your energy or motivation to keep track of your finances. So, what can you do to stay on top of your payments when times are tough in your private life?
Here, we offer actionable advice for drivers grappling with personal challenges.

Get in touch with your lender

First things first, don't be afraid to communicate with your car finance provider and inform them about your situation. Lenders have a responsibility to help and will no doubt provide you with a range of solutions to navigate your circumstances in the best possible way.

If you're experiencing a difficult situation, one of the best things you can do is contact your lender and briefly explain what's going on. Most finance providers are more than happy to work with people facing personal hardships, and even more so if you demonstrate a willingness to find a shared solution.

Seek professional help or advice

If it's all getting a bit much, you may want to seek professional help or advice, whether it's from a credit counsellor, financial advisor, or a mental health specialist.

Professionals can provide you with much-needed, personalised strategies and guidance to help you walk through difficult times. They can also give you the chance to evaluate your situation from a more objective point of view and assist you in making informed decisions on how to manage your car finance payments.

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