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They can repo anytime you are in DEFAULT of the contract.
2010-09-21: Also, in addition to the answer: While the bank can reposses when the repo clause comes into play, I don't know of any instance that once a bank agreed upon partial payments, they reneged and repo'd the vehicle anyway. Remember: they'd rather have the money than the car. If it comes to haveing it repo'd through a repo company, the bank would still rather have their money than share it with a repo company. The person at the bank that you speak to is being watched by the bank manager, etc., blah blah, and he or she would rather keep good information on the books. He or she, as far as my experience, will help you in your situation.
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Can you repossess a car from your ex if they are not making the agreed upon payments?
i think so:D
Can a creditor repossess property if you are making payments?
no they cannot
Can your loan company repossess your car if you are in arrears but are making payments?
Yes.
Can a finance company repossess your car when you lose your job?
Only if you stopped making payments and are behind on your on your payments.
Would your car dealer have you locked up for not making payments?
No, they'd repossess your car.
Does default means not pay?
Default means that you have not made the agreed-upon payments in full on time. You may be making partial payments (ie, paying $250 a month instead of $350 a month), but still be in default.
Does default means does not pay?
Default means that you have not made the agreed-upon payments in full on time. You may be making partial payments (ie, paying $250 a month instead of $350 a month), but still be in default.
If i stop making payments on a camper my dad had in his name only and he died what can the finance company do to me?
Repossess it
Can a cosigner repossess a car if the primary borrower stops making payments?
No. Only the lender can "repossess" a vehicle. You need to keep making the payments to protect your own credit. It is likely you would need to bring a court action, prove you are making the payments and petition the court to order a transfer of title.
Is it legal to repossess your work truck when you are self-employed?
Yes, if you are not making the payments the bank can repo your truck.
When can the government repossess property such as a car?
when you arent making payments for several months when you dont pay your taxes
If you are in repossession status and are making efforts to pay on your late payments can they still repossess your vehicle?
Once the loan is in default the bank has the right to refuse payment and repossess the vehicle.
