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No. Because the loan is deferred. meaning its post poned. which means you should not have to make payments until they change the status of the loan deferrement.
Ex: with my student loans they are deferred until I'm done with college or i stop going to school
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How many months can you be behind on a payment before the repo?
That would depend entirely on the financing institution or an agreement between them and you at the time of financing. If you are fearing repossession, get in touch with your financier and let them knw you are in arrears and explain why. Work out some kind of extension or payback plan. The financial institution would rather have your money than your vehicle. But if you don't get in touch with them, their obvious thought is that you don't plan on paying and will send the repo man after the vehicle.
Can a finance company charge off on an auto loan if a payment was recently made?
"charge off" is an accounting term that has nothing to do with collection or amount owed or anything like that. They can repo a car if a payment was recently made as long as you are behind.
If you fail to complete the deposit for your down payment but are already financed and making car note payments can the car dealer repo your car for the remaining down payment?
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How long does a lender have to repossess?
I am 3 months behind on my mortgage? How long until they repo my home?
What can a repo man do if they dont get paid by creditor?
The only recourse (legally) would be to file suit against the creditor, seeking payment.
How far do you have to be behind on a car payment before your car is repo?
2 payment
Can your cosigner repo your car if you are behind on your payment but not in trouble with the financial institution?
Amanda, if you are behind on the payment, youare "in trouble' with the lender. you are in default and could be repoed by the lender at any time. they just havent pushed the issue YET. Co-signor can only 'repo" IF they are listed as co-owner on the TITLE.
Can your car get repo cause the payment is 40 days behind?
That depends entirely - on the conditions of the contract YOU signed ! If it says your car will be reposessed if your payment is late - there's absolutely NOTHING you can do about it !
How many payments in the state of Texas can you be behind for repo?
Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.
What if you have agreed to pay 900 deferred down payment and you can not make payments so they repo car do you get your 1100 you already paid back California?
btw the dealer never got deal bought by a lender because down payment was not paid is partial deposit refundable?
How many months can you be behind on a payment before the repo?
That would depend entirely on the financing institution or an agreement between them and you at the time of financing. If you are fearing repossession, get in touch with your financier and let them knw you are in arrears and explain why. Work out some kind of extension or payback plan. The financial institution would rather have your money than your vehicle. But if you don't get in touch with them, their obvious thought is that you don't plan on paying and will send the repo man after the vehicle.
Can a repo man repo your truck behind your gate?
Yes. If he has a repo order, it is no longer YOUR truck.
Is it true you have to be six months behind on a car payment in the state of Nebraska before it can be repossed?
Technically they can repo your car after 30 days. Depending on the finance company
Can a car place repo your car if you have made half of your payment?
Not making the entire payment is still a default on payment. You will be charged the late fee and you will need to make it right with the bank or they will start the process of repo.
Can a dealership repo your car for stop payment?
Yes they can.
Why a bank will repo a car?
Non-payment of loan.
Can the repo people take your car after you made a payment?
Yes, until the repo order is canceled by the owner.
