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If you are in DEFAULT of the contract, the collateral can be repoed.

2015-07-15 18:35:25
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Can furniture be repossessed if payment has not been made in 6 months but you start back making payments?

Yes, furniture can be repossessed if you start making payments again after 6 months, especially if the missed payments are not caught up. The creditor can refuse the payment if court proceedings are already in progress.


Can they repossessed the car if you just owe the last payment?

The lienholder has an option to repossess when you become deficient on your payments for as long as you owe money on that vehicle. If you skip your last payment, that car can be repossessed.


In Kentucky how many car payments behind do you have to be before your car is repossessed?

Your car can be repossessed if you miss one payment. Not likely they would do that but it is possible.


What has to happen before a creditor can have your care repossessed?

A car cannot be repossessed until the owner has missed several car payments and the owner has been notified of late payments. In most states a car can be repossessed after three months of non-payment.


If you have made a payment arrangment can your car be repossessed?

Only if you have failed to make the agreed payments on time.


If a financed vehicle is contracted with another person who is not making payments can it be repossessed?

If you're asking whether the vehicle can be repossessed for non-payment, it can, regardless of who's supposed to be making payments. Whoever appears on the contract or paperwork for the car is responsible for the payment, regardless of what informal agreements may be in place.


Can a car be repossessed if you are two payments behind?

Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.


How many days late on car payment before it can be repo?

The length of time that a car payment can be late without being repossessed will depend on the bank or car dealers agreements. Payments made after a month may be in jeopardy of being repossessed.


How do get your car back after a repossession?

If your car has been repossessed by the bank for missing payments, the quickest and most efficient way to retrieve your vehicle is to contact the bank and make your back payments. When contacting the bank about back payments see if there is a new payment plan system that you can set up with them that is more beneficial to you, to avoid having the car repossessed again.


I was two months behind but still pay a payment every month. can the car still get repossessed?

If they are accepting your payments, they probably won't take your car.


Car was repossessed with no letter of intent sent no notice of actionwas law violated?

Your car can be repossessed at any time without any warning if you aren't making your payments. It is probably in your paperwork in the fine print what happens when you don't make your payment.


Is it better to finance an auto purchase with a small down payment and high monthly payments or high down payment and small monthly payments?

It is better to finance an auto purchase with a high down-payment and a low monthly payment, because it is less likely for you to fall behind on your payments and acquire debt.


Can a car be repossessed when all payments have been made?

Yes, if there is a breach of the lending contract, such as non payment of late fees or penalties, lapsed insurance coverage and so forth.


Can a car be repossessed the day a payment was made?

YES.


How much does a Car payment cost?

It depends on the price of the car. The more money you put down the smaller your payments are. I have seen payments for as low as 99 dollars (cheap car) to as much as 500 dollars. Really expensive car.


How many payments can you miss before your car will be repossessed?

Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle. Remember it is not your car until you pay for it. It belongs to the lender.


What will happen if your car down payment bounced and you made a particial payment?

The car will probably be repossessed.


If you had a car repossessed 6 and a half years ago made a few payments after that but still receive collection letters will they stop after 7 years in FL?

The SOL starts when you made the last payment.


If a vehicle is stolen and you haven't made this month's payment is it possible it can be repossessed?

You should have reported the theft as soon as possible. Regardless of theft, you are responsible for the payments. Hopefully, you had theft insurance to make the payoff for you.


Will your car get repossessed if you have missed payments with Black Horse for two months?

Maybe, by Fedral law your car can get repossessed if you are ONE DAY past due on your car payment. I know many repo agents and they have a saying "Support your local repo man-- miss two payments" I wouldn't hold off much longer to pay them. You should call them and try to get a deferment or two.


Can your car be repossessed due to no registration?

No, a car can not be repossessed due to having no registration. A car can be repossessed for non payment. The police can have a car towed to an impound lot if there is no registration.


Can your vehicle be repossessed if you are awaiting to be paid by the federal government?

It depends on you locatily, but in general, yes, if you are behind on your payment, your vehicle can be repossessed.


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.


Can your car still be repossessed if the payment is 30 days late?

Absolutely.


Can you get your car back if its repossessed?

Yes. If the payment is made to the finnance company.