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Can a bank or loan company repossess a vehicle if you are not 30 days late on the loan?
Wiki User
∙ 12y ago
The simple answer is yes. However you should read thru your contract to see if you are in default, that would trigger a repossession. For example, one way to be in default is if your insurance got cancled.
Wiki User
∙ 12y ago
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Can the bank repossess your vehicle if you are only 17 days late in Virginia?
Read your contract. Likely the answer is YES. As long as you are in DEFAULT, they can repo.
In Maryland can a finance company repossess a vehicle that is 38 days in default?
Yes, the lender can recover the vehicle any time after the lending contract becomes in default.
Is it legal for a car dealer to repossess a vehicle after 27 days late on payment?
Depends on your jurisdiction. If you're late on a payment for just 1 month, it's legal for the car dealer to repossess your vehicle, but 27 days seems a bit uncalled for.
How long after a vehicle repossession does the bank or car company have to sell the vehicle and is there a maximum time limit in Tennessee?
30 days and 20 minutes dude
How many days must a vehicle loan be late before it is repossessed?
They usually repossess when you miss two or three payments. They seldom repossess if you've just missed one.
What is the number of days car can be repoed?
If a loan is one day late they can repossess the vehicle, but most lenders would never do that
Would a finance company repossess your car if you only have three payments left but are more than 30 days late?
Yes, they will repossess if you have only one payment left.
How many days late can you be before a company can repossess a car in NJ?
The lender CAN repo when you are 1 (one) day late.
Can a finance company threaten to repossess car?
Yes, depending on the state in which the vehicle is domiciled and the loan is originated. In general, if after thirty (30) days a payment is not made on a vehicle then a finance company may notify the borrower that they are going to reposess the car. For customers with good credit, the threats do not come until after sixty (60) or ninety (90) days. For customers with historically poor credit, the threats will come as soon as possible (30 days).
How many days do you have to be behind in your payments in New York before they can repo your car?
As soon as you have defaulted on the loan, a creditor can repossess your car. So 24 hours after you have failed to pay, they can repossess your vehicle without notifying you.
Is it legal without notice to repossess a vehicle in Indiana for being 12 days late on one payment?
Depends entirely on what the contract you signed says. If you are 1 day late they may be able to repossess the vehicle if that is what the contract says and what your state laws are regarding repossessions. Read your contract.
How soon will a bank repossess a home?
Banks can foreclose in as short as 90 calendar days.
