answersLogoWhite

0


Best Answer
Copy

READ your contract for details. When you are in "DEFAULT", they can repo when you are ONE day late.

If You're Behind On Your Car Payment, Facing Auto Repossession "Repo", Trying To Sell Your Car, No Title... CAR DEBT SOLUTIONS WILL BUY YOUR CAR TODAY!! CASH!!

visit us at: car debt solutions dot com or call toll free: (800) 827-4853

Contact Us At: (800) 827-4853 or visit http://cardebtsolutions.com

Don't Wait Until It's Too Late and Your Car Get Taken Call Us and We Will Buy it Today For Cash...

We Have Helped Thousand of People... so If You Owe More then Your Car is worth, Upside Down or Under Water on Your Car Loan Call Us Before You Lose It

CAR DEBT SOLUTIONS visit our website for more Info:

Toll Free: (800) 827-4853 website: http://cardebtsolutions.com

We Have Locations All Over North America

User Avatar

Wiki User

โˆ™ 2011-02-16 23:51:02
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

Add your answer:

Earn +5 pts
Q: Can the bank repossess a car if you are 2 weeks late on a payment?
Write your answer...
Submit

Related Questions

Can a bank repossess your car for being 2 weeks late with a payment?

Read your contract. It likely says the lender can repo anytime you are in DEFAULT. Two weeks late is unusual, but they could repo when you are 1 day late.


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.


Can a used car dealer repossess a car that is not in delinquent of payment but had late payment history?

Yes


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


Can a creditor repossess a car when the payment is one day late?

Yes Usually they allow a grace period for an arears payment, but they do not have to.


Can a bank repossess a car if they continue to take payments?

YESIFyou are not up to date, if you are behind on your payments they can repossess at anytime. In most loans, there's a statement about late and/or partial payments that basically says the bank can take them but isn't obligated to do so and that taking one late or partial payment does not mean that they have to continue to do so.So, if you owe $200 a month, and pay $100, the bank can accept that and still repossess the car. They do have to credit the $100 towards the loan.Also, banks are usually allowed to repossess for habitually late payments. Most of the time a bank will consider this to be more hassle than it's worth as long as you're eventually catching up, but if you're chronically making payments several weeks late, they might at some point decide "this guy is a flake, we should get out of this deal while we still stand some chance of recovering our money."


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.


How late can your payment be before repo in North Carolina?

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.


Can a bank repossess a car before the last day of payment?

Unless it's explicitly stated in the fine print that they can't do any such thing, they have a right to repossess the moment the payment is rendered late, if they so wish. However, if you have documentation from the bank showing them explicitly giving you a deadline date, and they come to repossess before then, you may have grounds for a lawsuit. However, you would need to find out if it was the bank which had your car repossessed on that particular day, or if it was the repossessors jumping the gun and going forth with it before the date which they were specified to take possession of the vehicle.


How long does a creditor have until they repossess a vehicle?

A creditor can repossess a vehicle at any time after a default(late payment, lack of insurance, etc.) occurs on the contract.


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...


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.


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.


Can you get a job in a bank with 1 late payment in hr?

no


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


Why is your payment late it has been four weeks?

The check is in the mail.


If a Ttuck payment is 19 days late can they repossess your truck in Pennsylvania?

It depends on the terms of the loan. If you signed it and it's in there, you are bound to those terms. Some loans specify 5 days late. That's a good reason to get loans from a small bank or a credit union.


If a loan payment is due on the 19th and late after the 29th would it be considered a form of harassment for the bank to call one of the borrowers on the 25th saying the loan payment is late?

No, You are late, the bank just gives you a 10 day grace period to make your payment. You should be happy that they offer you that and not complaining that they are harassing you.


Is it legal without notice to repossess a vehicle in Indiana for being 12 days late on one payment?

Depends entirely on what the contract you signed says. If you are 1 day late they may be able to repossess the vehicle if that is what the contract says and what your state laws are regarding repossessions. Read your contract.


If you are paying half of your car payment can they still repossess it?

My best suggestion is to contact your auto lender, and ask them the procedure for repossesions. Keep in mind that the bank can reposses your vehicle if you are 60 days late on your payments even if you attempt to only make half of your payments. Call them as soon as possible and work out a payment plan with them.


Can the bank repossess your vehicle if you are only 17 days late in Virginia?

Read your contract. Likely the answer is YES. As long as you are in DEFAULT, they can repo.


What is a 1st payment default if it is not later than 30 days?

A first payment default , is when a bank calls the loan on your car because you are late on the first payment, 30 days or not, actually acording to your service agreement you are late like 4 days after the due day. they take it as a personal insult when you miss the first payment, also as a sign of things to come. usually if the repossess your car for a first payment default they will not give it back if you catch the payment. they will call for the full balence on the note and send the car to auction. Check out www.stoptheRepoman.com for other answers like this.


Can a bank refuse a payment on a auto loan?

Absolutely. There are other reasons other than a late payment for a bank to repossess your car. Cancelled insurance or a big drop in your FICO score. If you seem like a credit risk to your bank all they have to do is wait for you to become delinquent once and they have the legal right to default the loan and get the asset back. At that point they can refuse payment and keep the vehicle in most states. The only way is to pay off the full amount of the loan within 10 days.


How do you write letter to bank manager for loan installment late this month?

Being late on a loan installment can have consequences. The consequences can be minimized by proactively writing the bank manager and letting him know about the delay in payment. This can be done by including all identifying information and the explanation for late payment with the promise of when payment will be made. Include contact information for follow up as needed.


Can your car be repossessed if the payment is two weeks late?

READ your contract. If you are in DEFAULT of the terms, you can get repoed.