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.
Yes. Most lenders give customers 10 to 15 days grace to make a payment or for a payment made to post. However, by the language of most car notes, anything past a certain period of time (usually two weeks) is considered delinquent, and the balance of the loan is owed. The lender at this point is not required to accept anything less than payment of the remaining balance. And, the vehicle can be repossessed at…
If your car payment was 22 days late and when you made your payment the car was repossessed on the spot is there anything you can do?
If you are late on your car payment can they repossess it even if neither you nor the loan company has a title?
If you are late on your loan payment and are a cosigner on your daughters car can they repposses the car?
If a car payment is due on the 14 but a payment will not be made until the 29 can the dealer repossess the car in Georgia?
If you sent a payment to the bank clearly noted for a car loan but they deposited it in your account instead and then your car was repossessed can you sue the bank?
It depends. What was the result of that error being made? Was your vehicle repossessed because the payment went to the wrong account? As far as "legally filing a lawsuit" you can do that to anyone for anything. Most banks will rectify the mistake by correcting the routing of that deposit and clearing the late fee if they see that the payment was received on or before the due date. However, they can tell if…
Your car was repossessed when it was two days late Is this legal The dealer is trying to say you owe a late payment charge from the month before and this is the reason for the repossession?
Repossessed cars may be purchased from many car dealerships some specialize in repossessed vehicles and others may have the occasional defaulted payment. Another great place to find repossessed cars is with a financial institution, there are many people struggling, taking credit, the car is often the first thing repossessed when the loan is called in.