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Billing
• Payment Options
• Payoff Information
• Insurance Information
Welcome to Modern Finance Customer Service
At Modern Finance, we are dedicated to providing you with
prompt, courteous and professional customer service. Additionally,
our customer service representatives are bilingual in Spanish.
Our primary focus is to provide you with answers to the
questions you have regarding your finance product. We have
developed this guide with you, our customer, in mind.
Our FAQs provide answers to your most common questions.
We welcome any other questions or feedback you may have
about your service experience. Contact
us with any questions you may have.

Q: How often will I be billed?
A: You will receive a monthly billing statement
10 days prior to your due date.
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Q: What are my different payment options?
A: You can pay your bill by mail, automatic
checking payments, over the phone, or by Western Union.
Our mailing address:
Modern Finance Company
15315 Magnolia Blvd., Suite 128
Sherman Oaks, CA 91403
For checks over the phone, please call customer service
at (818) 379-6500.
Our Western Union Quick Collect
company code is “modernfinance
ca.”
To establish automatic payment from your checking account,
please contact Silvia Madariaga at
(818) 817-5015 for enrollment.
Q:
I want to pay off my loan. How do I find out the payoff
amount?
A: Please request a payoff
by providing your name and account number which you can
send via e-mail to customerservice@modernfinance.com.
We will respond to you within 1 hour.
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Q: Do I have to purchase insurance
for my car? What type? How soon?
A: Yes, you must have insurance
on your auto loan. We require that you provide comprehensive
and collision coverage within 10 days from the date of your
vehicle purchase.
The insurance carrier you provide must be licensed to operate
in California with a “B” or better rating from
A.M. Best Company.
If you fail to insure your vehicle yourself, Modern Finance
may elect to add a lender’s single interest policy
to your loan which provides only coverage to Modern Finance
in the event of repossession of your vehicle.
You may fax proof of insurance to our insurance department
at (818) 379-7056.
If you have additional questions regarding your insurance,
call (818) 379-6500, ext. #3 for insurance, or you may e-mail
us at insurance@modernfinance.com.
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