it is the best time for them to do so
Carla, the LENDER is the only one who can stop the repo. CALL THEM ASAP and be VERY convincing if ya wanta keep the car. Otherwise you will be back on your feet again. Good Luck
You are combining two unrelated items.The bank doesn't care if your car is running or the problems with it they want their money.A voluntary repo is the same as a non voluntary repo you will still owe the balance of the loan after the car is sold and the amount deducted from your outstanding loan.
Maybe, by Fedral law your car can get repossessed if you are ONE DAY past due on your car payment. I know many repo agents and they have a saying "Support your local repo man-- miss two payments" I wouldn't hold off much longer to pay them. You should call them and try to get a deferment or two.
Yes! A repo man stole into my locked backyard to install a GPS system when I did not pay on a TITLE LOAN. I noticed him following me over the next two weeks. The repo man stole back into my yard to remove the GPS after two weeks with no repo success. I settled with the CASH STORE for the original loan amount no interest.
Usually there is a grace period for late payments; however it is not a requirement.
If were talking Repo then yes and if they want it the'll get it.
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.
Yes. But only if it's been there two years.
Anyone who works for a company is capable of applying for a business car loans. A company must have been established for at least two years to utilize a business car loan.