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Payment extensions are not processed in the following cases: request is for first loan payment, loan is in arrears, loan is within three months of the maturity date, loan currently has a pending loan extension, request is received less than two days of a regular loan payment, loan has a quarterly/semi-annual/annual payment frequency.
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The term "classic" has a fairly broad definition within the auto world. It tends to vary among enthusiasts, insurance companies, licensing bureaus, and car clubs. Even DMVs vary from state to state! At Woodside Credit, our definition of a "classic car" is any vehicle that is 25 years old or older.
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