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Can a creditor repossess a car when the payment is one day late?
Wiki User
∙ 14y ago
Yes
Usually they allow a grace period for an arears payment, but they do not have to.
Wiki User
∙ 14y ago
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You have the title to your car however you are still paying the notes if you are late on a payment can the creditor repossess the car?
if the creditor's name is nowhere on the title,only your name,no one else. no liens. No one can legally take your car.
Can a used car dealer repossess a car that is not in delinquent of payment but had late payment history?
Yes
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.
Do late fees be used for repossession of a vehicle?
can you repossess a car for non payment of late fees even though the initial payment has been made in Colorado
What if you are late 3 days on car payment?
Nothing I believe they only repossess your car if your a month or more off on your payments
How many days late on a payment do you have to be in order for it to be legal to repossess a car in Florida?
ONE....1.....uno...
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 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.
Can a creditor repossess a car if the account is current?
not without legal cause
If you are late on your car payment can they repossess it even if neither you nor the loan company has a title?
Yes it's their car you signed a lease they don't need a title to repossess their car. Title or no title they look up that information and have it mark on that title that the car was repossessed
Can a car be repossessed for late fees we have never been late on the payment but got late fees?
If your payments are current, they're not coming to repossess your car. Trust me, the finance company would much rather have your money than your collateral (i.e., the car).
If the dealer accepts partial payment can they still repossess your car?
Yes. Once the lending agreement is in default the lender may take whatever action they choose in recovering the monies owed. It is a misconception that by making a partial or token payment the creditor will not be able to assert their legal rights. The lender can accept the payment, still repossess the vehicle or pursue litigation.
