What would you like to do?

How long do you have before repossession occurs?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .


Read your contract. It should specify what results will happen when the contract is in DEFAULT. Legally, ONE (1) DAY in default. DONT GAMBLE. Face the facts and plan for a future based in REALITY.  
TECHNICALLY AFTER ONLY ONE DAY YOU ARE IN DEFAULT OF YOUR CONTRACT, USUASALLY A FINANCE COMPANY WILL WAIT UNTIL YOU ARE 30 DAYS PAST DUE. UNLESS YOU ARE A HIGH RISK CUSTOMER, THEN REPOSSESSION USUALLY OCCURS WITHIN 15-20 DAYS. THIS IS IN MICHIGAN
1 person found this useful
Thanks for the feedback!

How long do storage units keep before they are repossessed?

If you don't pay for 30 days, they'll usually place their own lock on the unit so you can't access it until you get up to date. 3 to 6 months after that, they will eventually

How long in the state of mo do you have before they can repossess a vehicle?

  Answer   Well, I just had a rude wake up call again at 2am. I glanced out the window and saw a tow truck waiting to haul away my 2003 Honda Accord. It is practica

What rights does a cosigner have before repossession?

  The co-signer has every right to take possession of the car. In state law they can call the police and hire a tow truck…sorry that the down side to having a co- signer

How long does a dog have to be dead before rigor mortis occurs?

  The severity of rigor mortis can be used to estimate a time of death. Shortly after dying, the muscles lose their permeability of calcium ions in the muscles and the mus

Can you strip a car before repossession?

You can, but its not a good idea. That will be classified as theft from the company, and they will then reposses your stuff to make up for the lost things from the car.

What can they do if you strip a motorcycle before it is repossessed?

%REPLIES%    Answer   Strip??? as in no motor or tranny?? no wheels? Well, there are laws against doing so. Some states its a felony. BUT, the bottom line is MONEY.

How long does it take before a car is repossessed in Texas?

6-7 months is the "longest" normal Im use too. I dont know of a legal "limit". Call a wrecker to move it as a TOW-A-WAY. They usually do that for FREE. Then you will have mor

How long does it take to repossess a car?

Based on personal experience, 20 minutes from time of assignment up to 2 yrs.

How delinquent do your payments have to be before your vehicle will be repossessed?

  Answer     A GUY I KNOW PERSONALLY AND VERY WELL, WHO OWNS A CAR DEALERSHIP ANSWERED THAT VERY QUESTION FOR ME WHEN I ASK. HE RESPONDED SAYING 96+% OF DEALERS W
In Loans

What are your options after a repossession occurs?

  When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you've made the last loan payment or fully paid off your lease obligation.

How long does it take for a car to be repossessed after the request was made to repossess it?

  Answer     The time frame depends upon the lender.     Regardless of whether the repossession is voluntarily done by the borrower or a forced repossessi