What should one do if they can't pay car loan EMI after losing job?
If a person can't pay a car loan EMI after losing their job, they should focus on the fundamentals, as per Livemint. "Borrowers must proactively approach their lenders immediately after a job loss and well before the first missed EMI payment," BankBazaar's Adhil Shetty said. Lenders can offer temporary relief options, including customised repayment restructuring and tenure extensions, he added.
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