Automakers Grace Period

By: AP
By: AP

Hurricane victims who are struggling to find more permanent shelter and food sources now have one less thing to worry about.

The Big Three U.S. car companies are letting victims of Hurricane Katrina defer car loan payments for up to 90 days.

A spokeswoman for General Motors says people just need to contact their local GM office. Ford's program is open to anyone who lives in a federal disaster area.

DaimlerChrysler says they are sending a crisis team to the region and that all customers should give them a call to defer payments.

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