What if I miss a payment on my loan?
Missing a payment may result in late fees, interest charges, and potential credit score impact.
If you miss a payment on your John Deere loan, you may be charged a late fee, and interest will continue to accrue on the outstanding balance. Repeated missed payments can negatively impact your credit score and could result in repossession of the financed equipment. If you're experiencing financial difficulties, it's best to contact John Deere Financial as soon as possible to discuss potential payment arrangements.