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Can a company repossess your car if you are making your required payments on time every month but were behind one payment from the year before?

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2015-07-14 16:06:18
2015-07-14 16:06:18
      • but were behind one payment from the year before?":**** you answered your own question, didnt you? Pay them $5.00 per month on the way behind payment and maybe they will be quiet. LOL
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In North Carolina, a lender can repossess a car when just 1 payment is missing. They can also repossess it if you let the insurance lapse and are current on your monthly payments.

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No, and why would they? If the payments are up to date and have been made on time, there would be no reason for the dealer to repossess the vehicle.

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Once the loan is in default the bank has the right to refuse payment and repossess the vehicle.

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as long as you keep making payments the lender will probably not repossess the property. however, if you miss one payment the lender can repossess the property at any time.


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