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If you do not nor ever had a contract with a financer of your car how late do you have to be on your payment for them to repo?
Wiki User
∙ 8y ago
WHY are you even paying notes to someone who has no secutiry interest in your vehicle?? You can be ONE day late and be in default of whatever "contract" you have that convinced them to loan you money. Be Real
Wiki User
∙ 8y ago
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How late do you have to be on your payments before the financer repossesses your car in California?
Butch, read your contract. Most say only that you have to be in DEFAULT. Sooo, your answer?? ONE DAY.
You were late on your lease payment and your car was repode do you lose your trade in?
you defaulted, a contract is a contract and you have lost your trade in
How late does your payment have to be before your car can be repossessed in Florida?
Its NOT a matter of HOW late, just that you ARE late. Read your contract. That should explain when you are in DEFAULT.
Can repossession happen for being 10 days late on a payment?
Repossession can happen any time after a payment goes late; it all depends what the initial contract states.
Can a vehicle be repossessed if the payment is 21 days late in New York State?
READ your CONTRACT. IF the contract is in DEFAULT, the collateral CAN be repossessed.
How long before they can repossess you car in Virginia?
The lender can legally take the vehicle one day after the payment is due. That is, on the day the payment is late, the lender can begin repossession efforts. The day the payment is late, the contract is void.
How late does the debtors payment have to be before it is considered for repossesion?
Legally? One day. Some loan agreements will have a late payment period that might be ten days. Read your contract for specifics.
Can your car be repossessed if the payment is two weeks late?
READ your contract. If you are in DEFAULT of the terms, you can get repoed.
Can a car be repossessed if you are late making the remainder of the down payment but have been on time making the car payment?
YES, making the down payment is part of the contract and you are in default on it.
Can a vehicle get repossessed if your first payment is 15 days late?
Read the fine print of your contract carefully. I have never heard of a vehicle leasing/purchasing contract NOT having a first payment default clause.
What law is broken when a mortgage company charges a late fee when the payment was received within the grace period?
Charging a late fee when a payment is received within the grace period may breach the terms of the mortgage contract. If the contract states that payments made during the grace period are considered on time, then charging a late fee would violate that agreement. It would be advisable to review the terms and conditions of the mortgage contract to determine if the late fee charge is justified under the agreed terms.
Can someone repossess your car if the payment is 3 days late and it is not stated anywhere in the contract and you do have insurance and all other payments are made?
payment late?? then its NOT on time and in DEFAULT. WHAT is not stated in the contract??? No lender is going to repo a car when only one payment is 3 days late. If you have made all the payments on time and you are only 3 days late, and they repossed your car, you need to contact the lender and see what is going on. Something is not right here.
