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READ your CONTRACT. IF the contract is in DEFAULT, the collateral CAN be repossessed.

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โˆ™ 2015-07-15 18:40:58
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Q: Can a vehicle be repossessed if the payment is 21 days late in New York State?
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How long do collection agencies have to recover debt after a vehicle has been repossessed in the state of New York?

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In New York State can an automobile be repossessed if it is in a carport and the repossessing agent does not notify you of his presence?

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A car can be repossessed in the state of New York if payments are late or defaulted. The only way to not get a repossessed is to make your payments on time.

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What is the time period given before a car can be repossessed by a creditor in new york state?

Read the contract you signed. it likely states that when in DEFAULT, the lender can repo the collateral. Default is when you dont pay a payment as agreed or any other condition of the contract. No rocket science here.

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