As our Federal, State, and local governments adopt provisions to contain the spread of the Covid-19 Coronavirus; we understand that many of these measures might be impacting you and your families.
We are here to help in as economically feasible manner as possible. To that end, we are happy to present to you an offer to skip your APRIL, MAY, and/or JUNE auto loan payments.
THESE OFFERS WILL BE MAILED TO YOU STARTING ON MARCH 23, 2020.
Skipping your payment will not affect your credit rating in any way and it will provide you with some payment relief during this challenging time.
The payment(s) you skip will be due one month after the current maturity date and you’ll need to put the payment coupon for the skipped payment at the back of your payment book. We have reduced the fee for this program by 67% ($10.00 minimum) in order to further assist you during this global crisis.
The discounted fee for this extension is printed on each of the attached coupons and must be paid by your next scheduled payment due date.
Please be aware that this discounted extension fee is not additional interest, a penalty, late fee, delinquency, or default or finance charge. Additionally, interest will continue to accrue during the period that your payment is skipped and you may owe a larger balance at the end of your loan term as a result.
This offer applies ONLY to payments that are currently due for April, May, and June. If you are currently past due on your auto loan or need to make other arrangements, please contact customer service at 847-742-7400.
THIS OFFER EXPIRES JUNE 30, 2020
If you have any questions, please contact us at (847) 742-7400. Our best wishes for good health for you and your family from your friends at American Eagle Bank!!!