What happens if I miss a payment on my auto loan?

If you miss a payment on your auto loan with Capital One Auto Finance, there are a few things that can occur. Firstly, a late fee may be applied to your account. Additionally, your missed payment will be reported to the credit bureaus, which could negatively impact your credit score. It's important to make up the missed payment as soon as possible to avoid further consequences. If you consistently miss payments, Capital One Auto Finance may start collection efforts, which could include contacting you to remind about the missed payment and potentially repossessing the vehicle as a last resort. It is crucial to communicate with Capital One if you are having trouble making payments, as they may be able to offer assistance or options to help you stay on track.