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Can your finance company repossess your car after 2 months of non payment?
Wiki User
∙ 15y ago
Yes, in some states you can be as little as 30 days late before the reposession process is begun. This seems to vary based on laws from state to state as well as with individual finance companies. The exact answer for your situation should be located in the original finance contract that you signed. Yes, in some states you can be as little as 30 days late before the reposession process is begun. This seems to vary based on laws from state to state as well as with individual finance companies. The exact answer for your situation should be located in the original finance contract that you signed.
Wiki User
∙ 15y ago
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If you filed bankruptcy two years ago and called the finance company to repossess a car but they never came to get it until now do they have a legal right to it after all this time?
YES,its still their car. You should have had it towed away 3 months after filing. NO, you cant charge them storage.
Can a finance company repossess your car because you lose your job?
Yes. Normally if you are 3 months behind the finance company can take back the collateral. This is a default. Remember, you signed a contract with the bank stating that you would make your payments. It's not their fault you can't pay. However, any decent bank should be able to work with you in the event you lost your job. The key here is to communicate with them and don't dodge their phone calls. If you are honest with them, you can normally buy yourself a couple of months.
How many years of not making a payment can a credit card company still collect from you?
as long as they want to, Generally they will sell the account to a collegetion agency after 6 months of non-payment
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 you do if your mortgage payment is 2 months late?
call the mortgage holder and make payment arrangements
Can a finance company in Texas repossess a vehicle if one payment is missed?
Check your loan documents but they can if you are one day late. Most don't because they really want the money. Three to six months late on payments the REPO man will be looking for ya.
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
How many months without making a payment will the vehicle be taken?
The finance company has the right to repo a vehicle the day after the payment is due if it is stated in your contract. they usually wait till you are 30-60 days past due.
How long does it take a loan company to repossess your car after it charges off?
2-5 months
Can a finance company repo your car after 7 months of non payment?
In many states it only has to be 30 days late. 7 mos. is more than time req'd in any.
can a car company repossess your car if they were not available for 6 months?
If you mean that you haven't paid them in 6 months then YES, they can re-possess. -You should have sent dated checks or made bank payments somehow whether or not they were "available". You may be able to negotiate your way out if you make a substantial payment right now.
Your car was repossessed after being six months behind and then you get a call from the car dealer after two years trying to repossess the car are you still liable?
If the dealer calls you after the car has been repossessed, then you should inform them that you no longer have the car. They can contact the finance company to verify the information.
If you filed bankruptcy two years ago and called the finance company to repossess a car but they never came to get it until now do they have a legal right to it after all this time?
YES,its still their car. You should have had it towed away 3 months after filing. NO, you cant charge them storage.
Can a finance company repossess your car because you lose your job?
Yes. Normally if you are 3 months behind the finance company can take back the collateral. This is a default. Remember, you signed a contract with the bank stating that you would make your payments. It's not their fault you can't pay. However, any decent bank should be able to work with you in the event you lost your job. The key here is to communicate with them and don't dodge their phone calls. If you are honest with them, you can normally buy yourself a couple of months.
What happens when you dont pay your monthly car payment in full?
If they accept the payment you're ok. The big question is "If." You should send enough to pay the interest. Most companies don't repossess the car for a couple of months.
HSBC Auto Finance was supposed to take my car- it's been 4 months. When should they come and get it from me?
Is this a voluntarily repo are you owe 4 months of payment?
If you have not made a car payment in a few months is there any way you can start paying again without paying the arrears before they repossess it?
I seriously doubt it unless you work out something with the lending agency.
