Bay Federal Credit Union

Loan Payment Assistance

Having trouble making payments? You may qualify for a deferral or reduced loan payment through Bay Federal’s Consumer Preservation Program.

Consumer Preservation Program
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Financial Hardship

If you are experiencing financial difficulties, you may qualify for a deferral or reduced loan payment through Bay Federal’s Consumer Preservation Program.

To qualify, you must:

  • Have made a minimum of 12 payments to the Credit Union on your auto loan.
  • Have sufficient income to qualify for relief.

Note: All borrowers and co-borrowers must sign the Consumer Preservation Program Application and submit supporting income and hardship documentation to Loss Mitigation for review. 

If you have any questions contact Loss Mitigation at 831.479.6000, ext 8124.  

If you're at risk of missing a mortgage payment or foreclosure, please review our Foreclosure Prevention page for helpful information. 

Consumer Preservation Program Foreclosure Prevention

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