answersLogoWhite

0


Best Answer

No. Based upon your lending agreement, you agreed to pay the payments on time. There is NO required "Grace Period" for auto loans. They can also repo it if you don't maintain valid full coverage insurance.

User Avatar

Wiki User

โˆ™ 2005-09-22 23:59:13
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar

Add your answer:

Earn +20 pts
Q: Can you sue the lender if they repo your vehicle for being 21 days late?
Write your answer...
Submit
Related questions

How many days late can you be before a company can repossess a car in NJ?

The lender CAN repo when you are 1 (one) day late.


How soon can a car be repossessed?

Your contract most likely states that the lender can demand payment in full at anytime. This means they can repossess the vehicle after demanding you pay it off. If you are 5 days late, they could repossess it. There is no legal requirement for the lender to wait any amount of time before taking your vehicle.


Can your car be repossessed if you have no other vehicle and are less than a month behind?

YES. Read your contract. Does it say the lender cant repo IF you have no other vehicle? I think not. Less than a month behind??? Some lenders will repo when you get 3 days late. Any time you are in DEFAULT of the loan, the lender CAN repo. They may not, but they can.


What is the time span of a late payment until your vehicle will be repossessed in the state of North Carolina?

That is determined by the LENDER.


Can the lien holder repo my truck when payments and insurance are current?

They will not repossess a vehicle unless you have defaulted on the loan. Defaulting on the loan is being late with the payments. Call the lender and talk to them.


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 lender repo a car in Pennsylvania if the person is just one month and 7 days late on his payment?

Check your contract for anything special, but I see no reason why they cant.IF you are in DEFAULT, YES, they can repo. no you were more late then your saying I bet. Legally, a lender may contract your vehicle for repo at midnight the day youre payment is due. Most wont, but legally they can reposess your vehicle the day after your missed payment


The subprime lender wrote off late fees after loan was paid the vehicle in still in our possession are we still able get the lien removed?

You will need to get a written lien release from the lender.


If you live in Georgia can they repossess your car if you were less than 30 days late?

YES, anytime you are in DEFAULT, the lender can repo. Tote-a -note lots are famous for 3 days late repos.


How do you get your car back from a repo when you are only 3 days late?

You pay the LENDER what you are behind and the repo fee and go get it.


Someone can repossess a car after being one day late if they want to but how long overdue is more typical in New York before they repo?

30-60 days depending on the lender and your account.


If lender listed car as a repossession within last 24 hours is it too late to avoid having it on credit report if it has not been picked up yet?

First of all, a lender does not report a vehicle as a repossession until they actually have possession of the vehicle. Then immediately via computer the code is entered and authorities notified. The credit reporting company may be a little slow getting the repo on your report however, but any new lender is going to check your report before giving you a new loan. After a vehicle is repo'd you usually have a few days prior to sale of that vehicle, to get the vehicle back if you pay the account current plus any repo expenses if it was a voluntary repo. If it was not voluntary, and the lender had to take the vehicle, they probably will not redeem the vehicle back to you, but it never hurts to ask.


Can someone repossess your car if the payment is 3 days late and it is not stated anywhere in the contract and you do have insurance and all other payments are made?

payment late?? then its NOT on time and in DEFAULT. WHAT is not stated in the contract??? No lender is going to repo a car when only one payment is 3 days late. If you have made all the payments on time and you are only 3 days late, and they repossed your car, you need to contact the lender and see what is going on. Something is not right here.


Is it true that as long as you make your mortgage payment in the same calendar month the mortgage lender cannot report you as being late onyour mortgage payment correct?

This would only be true if you have it specified in your loan agreement. Otherwise, as a general rule, anything paid after 10 days past the due date is considered late and incurs a late fee as well as being reported to the credit bureau(s) as less than 30 days late


How can you find out if they looking for my car?

If you haven't paid it and are more than 30 days late without letting your lender know, then they are looking for it.


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.


You have paid your car payments but have late fees can they repossess the car?

Yes, late fees indicate that payments were not made on time, which renders the original agreement invalid and allows the lender to repossess the vehicle if they so choose.


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.


When is your mortage late?

Technically you are late if you make your payment anytime after the due date. The vast majority of mortgages are due on the 1st of the month. Most mortgage companies will not assess a late fee unless you are 15 or more days late. At that point the normal late fee will be 5% of your regular mortgage payment. The lender will not report the late payment to a credit bureau until you are 30 days late.


What does it mean if im 5 days late for my period?

It means your period is five days late. Only you know your chances of being pregnant.


How many days can you be late on a mortgage payment before they can start the foreclosure process?

This will depend on the lender and your past payment history. Some will start a lot sooner than others. In my area they start moving typically after a 60 day late. Almost all of them are started by 90 days late.


Can you be charged with Grand Theft Auto if you are late on payments?

Possibly - especially if you start hiding your vehicle from the lender or the repo-man in order to keep the lawful owner (the lender) from taking it back due to non-payment. If you are willfully and knowingly depriving the lender of his lawful property and converting it to your own use, it is the same as if you had stolen it.


If you spoke to the lender and made arrangements to make a payment that is 30 days late and they aggree was it wrong for them to reposses the car the next day anyway?

Nope.


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.


Can you be repod for being a week late?

no u can not be repoed a week late must be a 20 days or more