Can You Negotiate with Westlake Financial?

Hannah Locklear | August 14, 2023

Dealing with financial challenges, especially when it comes to auto loans, can be overwhelming. If you find yourself in a situation where you're struggling to make payments to Westlake Financial, you might wonder if negotiation is an option. In this blog post, we'll delve into the topic of negotiating with Westlake Financial, discussing the potential benefits, steps to take, and important considerations.

Sued by Westlake Financial? Use SoloSettle to settle your debts and move on.

What is Westlake Financial?

Westlake Financial Services is a prominent auto finance company that specializes in providing subprime and near-prime auto loans. Their primary focus is to help individuals secure financing for vehicles, even if they have less-than-perfect credit histories. As such, they cater to a broad range of customers with varying financial situations.

Does Westlake Financial let you skip a payment?

According to Westlake Financial’s website, customers facing temporary financial challenges have the option of an extension arrangement, allowing them to postpone one or more installment payments to the conclusion of the contract term.

By deferring a payment to the contract's conclusion, the originally set maturity date or final payment date will be extended for each deferred installment. This extension could lead to the accrual of extra interest charges.

To determine if you are eligible for an extension with Westlake Financial, you can call their customer service team at 888-739-9192.

Negotiate a debt settlement with Westlake Financial

While negotiating with a financial institution like Westlake Financial is possible, it's important to approach the process thoughtfully and strategically. Here are seven tips to consider if you're looking to negotiate with Westlake Financial:

1. Communicate early on. If you anticipate difficulty making payments, it's best to communicate with Westlake Financial as early as possible. Initiating contact before missing a payment shows responsibility and a willingness to find a solution.
2. Explain your situation. When reaching out to Westlake Financial, be honest and transparent about your financial circumstances. Explain why you're facing difficulties and provide any relevant documentation to support your claims.
3. Explore your options. Westlake Financial might be willing to work with you to find a solution. They could potentially offer temporary relief, such as deferring payments or adjusting the loan terms. Be open to discussing possible alternatives.
4. Negotiate interest rates. Depending on the terms of your loan, it might be possible to negotiate a lower interest rate. This could result in reduced monthly payments and a more manageable loan overall.
5. Ask about loan restructuring. Westlake Financial could consider restructuring your loan to extend the repayment period, which could lead to lower monthly payments. Keep in mind that this might also result in paying more interest over the life of the loan.
6. Seek professional assistance. If negotiating directly seems challenging, you can consider seeking assistance from a credit counselor or a financial advisor. They can help you navigate the negotiation process and provide expert advice.
7. Stay persistent. Negotiations might require multiple conversations and a bit of persistence. Be prepared to provide additional information if requested and be patient as you work toward a resolution.

If Westlake Financial is suing you for failure to pay, SoloSuit can help you respond to the lawsuit, stand up for your rights, and resolve your debt before going to court.

How to settle your debt with Westlake Financial

A tried and true method of debt resolution is actually debt settlement, and SoloSettle (powered by SoloSuit) was designed to help consumers, like you, negotiate a debt settlement plan.

In a debt settlement, you offer your creditor a portion of the total amount due, usually at least 60% of the debt’s value. In exchange for a lump-sum payment, the creditor agrees to drop its legal claims against you and release you from the remaining balance.

If you decide to settle your obligation, you’ll want to ensure you get the terms of your agreement in writing and pay the creditor before your court date. If you’ve never tried debt settlement before, consider working with a professional organization that will guide you through the process.

Read also: How to Settle Debt in 3 Steps

To learn more about how to settle a debt, check out this video:

SoloSettle is a tech-based approach to debt settlement. Our software helps you send and receive settlement offers until you reach an agreement with the collector. Once an agreement is reached, we’ll help you manage the settlement documentation and transfer your payment to the creditor or debt collector, helping you keep your financial information private and secure.

Consider these factors when negotiating with Westlake Financial

Navigating negotiations with financial institutions like Westlake Financial requires careful consideration and preparation. To ensure that your negotiation process is effective and informed, it's crucial to keep a few key factors in mind, including the following:

• Document everything. Keep records of all your communications with Westlake Financial. This includes dates, times, the names of representatives you've spoken to, and the details of your conversations.
• Be realistic. While negotiating can lead to favorable outcomes, it's essential to have realistic expectations. Not all requests will be granted, but the key is to explore all available options.
• Read the fine print. If you agree to any modifications or arrangements, carefully review the terms and conditions before finalizing anything. Make sure you fully understand the implications of any changes.

While it’s best to follow these three principles before you sign up for any loan with Westlake Financial, it’s not too late to implement them after the fact.

Negotiating with Westlake Financial is indeed possible, but your success depends on clear communication, a thorough understanding of your financial situation, and a willingness to explore alternatives.

By taking a proactive approach and being open to discussion, you might find a solution that eases your financial burden and helps you stay on track with your auto loan payments. Remember that seeking professional advice and staying persistent can greatly assist you in navigating the negotiation process.

What is SoloSuit?

SoloSuit makes it easy to fight debt collectors.

You can use SoloSuit to respond to a debt lawsuit, to send letters to collectors, and even to settle a debt.

SoloSuit's Answer service is a step-by-step web-app that asks you all the necessary questions to complete your Answer. Upon completion, we'll have an attorney review your document and we'll file it for you.

>>Read the FastCompany article: Debt Lawsuits Are Complicated: This Website Makes Them Simpler To Navigate

>>Read the NPR story on SoloSuit. (We can help you in all 50 states.)

How to answer a summons for debt collection in your state

Here's a list of guides for other states.

All 50 states.

• Alabama
• Alaska
• Arizona
• Arkansas
• California
• Colorado
• Connecticut
• Delaware
• Florida
• Georgia
• Hawaii
• Idaho
• Illinois
• Indiana
• Iowa
• Kansas
• Kentucky
• Louisiana
• Maine
• Maryland
• Massachusetts
• Michigan
• Minnesota
• Mississippi
• Missouri
• Montana
• Nebraska
• Nevada
• New Hampshire
• New Jersey
• New Mexico
• New York
• North Carolina
• North Dakota
• Ohio
• Oklahoma
• Oregon
• Pennsylvania
• Rhode Island
• South Carolina
• South Dakota
• Tennessee
• Texas
• Utah
• Vermont
• Virginia
• Washington
• West Virginia
• Wisconsin
• Wyoming

Guides on how to beat every debt collector

Being sued by a different debt collector? Were making guides on how to beat each one.

• Absolute Resolutions Investments LLC
• Accredited Collection Services
• Alliance One
• Amcol Clmbia
• American Recovery Service
• Asset Acceptance LLC
• Asset Recovery Solutions
• Associated Credit Services
• Autovest LLC
• Cach LLC
• Cavalry SPV I LLC
• Cerastes LLC
• Colinfobur
• Covington Credit
• Crown Asset Management
• CTC Debt Collector
• Cypress Financial Recoveries
• Delanor Kemper & Associates
• Eagle Loan of Ohio
• Educap
• Estate Information Services
• FIA Card Services
• Forster & Garbus
• Freshview Solutions
• Fulton Friedman & Gullace LLP
• Harvest Credit Management
• Howard Lee Schiff
• Hudson & Keyse LLC
• Integras Capital Recovery LLC
• Javitch Block
• Jefferson Capital Systems LLC
• LVNV Funding
• Mannbracken
• Mariner Finance
• Medicredit
• Michael J Adams PC
• Michael J Scott
• Midland Funding LLC
• Mullooly, Jeffrey, Rooney & Flynn
• Mountain Land Collections
• MRS Associates
• National Collegiate Trust
• Nationstar Foreclosure
• Northstar Capital Acquisition
• NCEP LLC
• NRC Collection Agency
• OneMain Financial
• Palisades Collection LLC
• Pallida LLC
• Paragon Revenue Group
• Pinnacle Collections Agency
• PMAB LLC
• Portfolio Recovery Associates
• Provest Law
• PYOD LLC
• Reunion Student Loan Finance Corporation
• Revenue Group
• Regents and Associates
• RSIEH
• Salander Enterprises LLC
• Second Round Sub LLC
• Security Credit Services
• Sherman Financial Group
• Suttell and Hammer
• T-Mobile
• Transworld Systems
• Tulsa Teachers Credit Union
• UCB Collection
• Velo Law Office
• Velocity Investments
• Waypoint Resource Group
• Weinberg and Associates
• Wolpoff & Abramson

Win against credit card companies

Is your credit card company suing you? Learn how you can beat each one.

• Bank of America
• Capital One
• Chase
• Credit One Bank
• PayPal Synchrony Card
• SYNCB/PPEXTR
• Synchrony Bank
• Target National Bank
• Wells Fargo

Going to Court for Credit Card Debt — Key Tips

How to Negotiate Credit Card Debts

How to Settle a Credit Card Debt Lawsuit — Ultimate Guide

Get answers to these FAQs

Need more info on statutes of limitations? Read our 50-state guide.

Why do debt collectors block their phone numbers?

How long do debt collectors take to respond to debt validation letters?

What are the biggest debt collector companies in the US?

Is Zombie Debt Still a Problem in 2019?

SoloSuit FAQ

If a car is repossessed, do I still owe the debt?

Is Portfolio Recovery Associates Legit?

Is There a Judgment Against Me Without my Knowledge?

Should I File Bankruptcy Before or After a Judgment?

What is a default judgment?— What do I do?

Summoned to Court for Medical Bills — What Do I Do?

What Happens If Someone Sues You and You Have No Money?

What Happens If You Never Answer Debt Collectors?

What Happens When a Debt Is Sold to a Collection Agency

What is a Stipulated Judgment?

What is the Deadline for a Defendants Answer to Avoid a Default Judgment?

Can a Judgement Creditor Take my Car?

Can I Settle a Debt After Being Served?

Can I Stop Wage Garnishment?

Can You Appeal a Default Judgement?

Do I Need a Debt Collection Defense Attorney?

Do I Need a Payday Loans Lawyer?

Do student loans go away after 7 years? — Student Loan Debt Guide

Am I Responsible for My Spouses Medical Debt?

Should I Marry Someone With Debt?

Can a Debt Collector Leave a Voicemail?

How Does Debt Assignment Work?

What Happens If a Defendant Does Not Pay a Judgment?

How Does Debt Assignment Work?

Can You Serve Someone with a Collections Lawsuit at Their Work?

What Is a Warrant in Debt?

How Many Times Can a Judgment be Renewed in Oklahoma?

Can an Eviction Be Reversed?

Does Debt Consolidation Have Risks?

What Happens If You Avoid Getting Served Court Papers?

Does Student Debt Die With You?

Can Debt Collectors Call You at Work in Texas?

How Much Do You Have to Be in Debt to File for Chapter 7?

What Is the Statute of Limitations on Debt in Washington?

How Long Does a Judgment Last?

Can Private Disability Payments Be Garnished?

Can Debt Collectors Call From Local Numbers?

Does the Fair Credit Reporting Act Work in Florida?

The Truth: Should You Never Pay a Debt Collection Agency?

Should You Communicate with a Debt Collector in Writing or by Telephone?

Do I Need a Debt Negotiator?

What Happens After a Motion for Default Is Filed?

Can a Process Server Leave a Summons Taped to My Door?

Learn More With These Additional Resources:

Need help managing your finances? Check out these resources.

How to Make a Debt Validation Letter - The Ultimate Guide

How to Make a Motion to Compel Arbitration Without an Attorney

How to Stop Wage Garnishment — Everything You Need to Know

How to File an FDCPA Complaint Against Your Debt Collector (Ultimate Guide)

Defending Yourself in Court Against a Debt Collector

Tips on you can to file an FDCPA lawsuit against a debt collection agency

Advice on how to answer a summons for debt collection.

Effective strategies for how to get back on track after a debt lawsuit

New Hampshire Statute of Limitations on Debt

Sample Cease and Desist Letter Against Debt Collectors

The Ultimate Guide to Responding to a Debt Collection Lawsuit in Utah

West Virginia Statute of Limitations on Debt

What debt collectors cannot do — FDCPA explained

Defending Yourself in Court Against Debt Collector

How to Liquidate Debt

Arkansas Statute of Limitations on Debt

Youre Drowning in Debt — Heres How to Swim

Help! Im Being Sued by My Debt Collector

How to Make a Motion to Vacate Judgment

How to Answer Summons for Debt Collection in Vermont

North Dakota Statute of Limitations on Debt

ClearPoint Debt Management Review

Indiana Statute of Limitations on Debt

Oregon Eviction Laws - What They Say

CuraDebt Debt Settlement Review

How to Write a Re-Aging Debt Letter

How to Appear in Court by Phone

How to Use the Doctrine of Unclean Hands

Debt Consolidation in Eugene, Oregon

Summoned to Court for Medical Bills? What to Do Next

How to Make a Debt Settlement Agreement

Received a 3-Day Eviction Notice? Heres What to Do

How to Answer a Lawsuit for Debt Collection

Tips for Leaving the Country With Unpaid Credit Card Debt

Kansas Statute of Limitations on Debt Collection

How to File in Small Claims Court in Iowa

How to File a Civil Answer in Kings County Supreme Court

Roseland Associates Debt Consolidation Review

How to Stop a Garnishment

Debt Eraser Review

Do Debt Collectors Ever Give Up?

Can They Garnish Your Wages for Credit Card Debt?

How Often Do Credit Card Companies Sue for Non-Payment?

How Long Does a Judgement Last?

​​How Long Before a Creditor Can Garnish Wages?

How to Beat a Bill Collector in Court