What Happens When You Fall Behind on Storage Unit Payments
Understanding the Consequences
Falling behind on your storage unit payments can lead to various consequences that you need to be aware of. As a leading provider of storage unit services, STS Towing is here to help you navigate through this situation smoothly and provide the necessary assistance to avoid any unfavorable outcomes.
1. Late Payment Fees
When you fall behind on your storage unit payments, most storage facilities will impose late payment fees. These fees can quickly add up and further increase the financial burden. It is essential to stay up-to-date with your payments to avoid unnecessary expenses.
2. Lien and Auction
If you continue to neglect your storage unit payments, the storage facility may initiate a lien process. This means they can take legal action to seize your belongings and auction them off to recover the unpaid rent. This can be a distressing experience, both financially and emotionally.
3. Damage to Credit Score
Defaulting on storage unit payments can negatively impact your credit score. Late payments or outstanding debts can be reported to credit bureaus, resulting in a decrease in your creditworthiness. This can have long-term consequences and affect your ability to obtain credit or loans in the future.
4. Loss of Possessions
If your storage unit goes into auction due to non-payment, you risk losing your belongings permanently. Once the auction takes place, the storage facility is no longer responsible for your items. To prevent such losses, it is crucial to prioritize your payments and prevent your storage unit from going into default.
How STS Towing Can Help
At STS Towing, we understand that life can sometimes throw unexpected challenges that lead to financial difficulties. Our team is dedicated to assisting you during these tough times and offering professional storage unit services.
1. Flexible Payment Plans
We offer flexible payment plans to help you catch up on your storage unit payments. Our team will work with you to create a personalized plan that fits your budget and allows you to get back on track without the added pressure of immediate payment.
2. Storage Unit Recovery Services
If your storage unit has already entered the lien process, our experienced professionals can help you navigate the necessary steps to recover your belongings. We have extensive knowledge of the legal processes involved and can guide you through the paperwork and procedures.
3. Efficient Auction Assistance
In the unfortunate event that your storage unit goes into auction, STS Towing can provide efficient auction assistance. We understand the importance of acting swiftly to retrieve any sentimental or valuable items before they are lost. Our team will work diligently to secure your possessions and minimize any losses.
4. Support and Guidance
Throughout the entire process, STS Towing is here to provide the support and guidance you need. We understand the stress and challenges associated with falling behind on storage unit payments, and our friendly team is here to answer any questions and offer assistance every step of the way.
Conclusion
It is crucial to stay proactive and ensure that you stay current on your storage unit payments to avoid encountering the aforementioned consequences. However, if you find yourself falling behind, STS Towing is here to help you through our comprehensive storage unit services. Reach out to us today to discuss your unique situation and let us assist you in finding the best solutions.
