If you are in the market to refinance your loan with Exeter Finance, here are some things you should keep in mind: Firstly, do not apply for a new line of credit without first confirming that Exeter Finance has the ability to finance your loan. Second, be sure to avoid filing new lawsuits and repossession if you decide to refinance with Exeter Finance.
Refinance your loan with Exeter Finance
One of the best ways to save money on your loan is to refinance it. You can do so after making 12 or 18 payments on your current loan. Exeter Finance offers a number of loan refinancing options that allow you to save money on your car loan. The best time to refinance your loan with Exeter Finance is when you have paid off at least 12 payments on your current loan. This refinancing process does not affect your credit score.
Exeter does not charge an application fee. Although you can get a lower rate by refinancing your loan with Exeter Finance, you must be diligent about making your payments. This includes avoiding late payments or prepayment penalties. This is because Exeter will only make an offer to you if you’ve made all of your payments on time.
Whether you’re refinancing your existing loan with Exeter Finance or taking out a new loan, the company’s online account has the tools you need to make your payments. They offer a 24/7 customer service center and a secure payment interface. You can pay using your debit card or checking account, and you can even make payments on a recurring basis. This is good for your credit because FICO calculates your credit score based on how frequently you make your payments on time.
Avoid applying for new lines of credit
Refinancing your Exeter Finance loan can reduce your interest rate. This is possible if you make all your payments on time. You can also make extra payments toward the principal of the loan to reduce the amount of interest you pay. You will need a credit score of 500 or above and be a legal US resident to refinance your loan.
Despite these benefits, you should avoid applying for new lines of credit with Exeter Finance. This is because you could end up in court for not paying your debt. You should remember that the statute of limitations on debt varies from state to state. Debt that has been unpaid for four or more years is considered zombie debt.
There are many other lenders for subprime borrowers besides Exeter Finance. Doing your homework will help you find the best deal possible. For example, many banks and credit unions relax their FICO score requirements for certain types of borrowers. Generally, these lenders require a good track record, a co-signer with a solid credit history and a larger down payment than the minimum required.
Avoid lawsuits
Consumers should be aware of their rights and avoid lawsuits at Exeter Finance Corp. The financial services company was established in 2006 and has offices in Irving, Texas. Its website offers consumer information about repossessions and auto-related debt, and the Better Business Bureau has established a profile page for Exeter. The company’s website also informs consumers that it works with franchised car dealerships and does not deal with independents.
Exeter Finance Corporation is a subprime auto lender based in Texas. Consumers have complained about the company’s debt harassment and improper communication tactics. A quick search on the Better Business Bureau (BBB) will reveal 26 complaints filed against the company. It is important to know your rights when dealing with an agency that does not disclose all the information that it collects.
You should know your rights as a customer before you sign a contract with any lender. It is your responsibility to repay all amounts owed on time and avoid lawsuits at Exeter Finance Corp.
Avoid repossession
If you have a Exeter finance loan and are having trouble making payments, there are ways to avoid repossession. The first step is to contact your lender. The company can negotiate a new payment plan or a grace period with you. They may also offer you a refinance so your monthly payment is more affordable. But, remember that repossession is still a possibility even after you reach the grace period.
The Exeter Finance Corporation website provides information about their policies and offers tips on how to avoid repossession. It also offers free online Financial Improvement Training. The company will also answer your questions about your account and payments. You can also learn about the company’s title policies and insurance policies. You can also read online reviews and check with the Better Business Bureau.
When a person defaults on their payments, they will get a notice via email or text message. Exeter Finance will also call them if necessary, and they will try to convince you to pay up within a few days. This process is beneficial to both parties because it prevents traditional litigation and puts a third party in a neutral position. In addition, arbitration is fundamentally fair. It guarantees that both sides get an impartial and fair decision.
Avoid arbitration clause in contract
Many Exeter Finance customers have had difficulties dealing with their representatives and higher-ups. They may have been locked into a contract they didn’t understand, or received responses that were a waste of time. These issues can be avoided by seeking legal representation in arbitration. Agruss Law Firm, LLC can help you resolve your dispute with Exeter Finance. We’ll prepare all the paperwork necessary for arbitration, and we’ll help you move forward with the process.
When drafting a contract, carefully review any arbitration clause. It is important to make sure that the clause specifies the language of the proceedings. If the contract is between two parties in different jurisdictions, the language can be confusing. For example, a common law country may have rules that don’t apply to civil law countries. Also, a common law country’s legal culture may not be the same as that of Mexico, and vice versa.
Arbitration clauses are a key part of any contract, but it is important to ensure that the clause is clear and unambiguous. Otherwise, you risk invalidating the clause or having difficulty enforcing the award. Moreover, many parties to business contracts tend to copy clauses from other contracts and tailor them to their specific needs.
Avoid late payments
The Exeter Finance Corporation website provides a number of helpful resources, including tips on avoiding late payments and a free online Financial Improvement Training course. It also provides answers to commonly asked questions about account access, payments, insurance, payoffs, titles, and more. Lastly, the website includes standard legally mandated information about the company and its services.
Some consumers have complained that Exeter Finance is dismal in customer service. Consumers have experienced evasion and denial of just claims by the company. Customer service lines were unreliable and often took weeks to respond to questions. In addition, some consumers have reported a feeling of being locked into an agreement that they could not afford.
The company was founded in 2006 by auto finance executives. In 2011, it was acquired by the Blackstone Group, one of the largest investment firms in the world. It has since appointed Jason Grubb as CEO.
Avoid erroneous billing
In addition to billing errors, customers have also reported receiving poor customer service from Exeter Finance. In many cases, they have been denied just claims, given time-wasting responses, and locked into contracts without understanding the terms of those contracts. This is not an acceptable customer service experience, and you should seek the advice of an experienced consumer advocate before engaging with Exeter Finance.
Consumers can contact the Consumer Financial Protection Bureau (CFPB), which collects complaints against financial companies. The CFP has listed 335 complaints filed against Exeter Finance Corp in 2020 alone, making them the 96th most-complained-about company. You can also seek help from a website like FairShake, which has helped thousands of people pursue their complaints.
Consumers should never speak to collection agencies over the phone. If you feel like they are harassing you, send a cease-and-desist letter. This letter will give the collection agency at least 30 days to verify your debt. During this time, Exeter Finance must not threaten you by calling repeatedly or swearing at you. Moreover, they must not threaten to take legal action against you or threaten to impose financial penalties if you refuse to pay the debt.
Avoid inconsistent claims denial
If you have encountered inconsistent claims denial from Exeter Finance, you may be wondering how you can get your money back. The company has a history of providing dismal customer service, evading consumers trying to fix their billing errors, and denying just claims. Its customer service lines are unreliable and took weeks to respond, leaving consumers wondering what options they have and what their consumer rights are.
One method to avoid this is to verify the information that is provided on a customer’s credit application. Specifically, Exeter makes phone calls to prospective customers to confirm account information, such as contact information, as well as to verify whether the customer consented to receiving calls from them. The company also maintains records of all phone calls with customers.
A creditor that is trying to avoid consistent claims denial should ask for arbitration instead of litigation. Arbitration is a fair and objective way to resolve disputes. The arbitrator’s job is to weigh the evidence and make an objective decision based on facts, not personal bias. It requires work on both sides, but the process is fundamentally fair. All parties deserve qualified, impartial arbitrators.