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What else can I help you with?
How late does your payment have to be before your car can be repossessed in Florida?
Its NOT a matter of HOW late, just that you ARE late. Read your contract. That should explain when you are in DEFAULT.
Must you receive court papers before your car is repossessed?
It depends on the state, but usually it is only required that the lending institution have the papers. In general, you already know when the loan is in default.
Can you object to a repossession before car is taken?
Yes, and many people do object to their vehicles being repossessed, before and after the repossession. Unfortunately, your objection will have little effect. If you are delinquent or in default on your loan, and the vehicle was used to secure the loan, the vehicle will be repossessed. There are few legal options available to you to avoid this aside from paying the loan current.
Can they repo a leased car 2 months before the end of the contract with payment schedule in place?
READ your lease. The lender can repo as long as you are in DEFAULT. As long as there is money owed on a contract, the collateral can be repossessed IF the contract is in default. Subject to some state guidelines.
What is the time period given before a car can be repossessed by a creditor in new york state?
Read the contract you signed. it likely states that when in DEFAULT, the lender can repo the collateral. Default is when you dont pay a payment as agreed or any other condition of the contract. No rocket science here.
how much time can go by before a car can be repo?
How long you can go before your car is repossessed depends on several things. Generally, as soon as you default on your note, your creditor can "repo" your vehicle. The definition of default may depend on your loan contract, but usually just missing one payment can qualify. It is best to communicate with your creditor before you miss a payment to work out other terms, and avoid having your vehicle taken from you.
How many days do you have to be past due before your vehicle can be repossessed?
Read the terms of the contract. Once the contract is "In Default", the note can be called in and the vehicle can be repossessed. It can be as soon as 1 day past due. But in reality, most banks know that they'll probably loose money on the process so most will try to give you a little extra time.
Do you have a right to have a repossession letter before my vehicle is repossessed?
no
How long before your vehicle can legally be repossessed?
WE'RE ON OUR WAY!!!!!
In Kentucky how many car payments behind do you have to be before your car is repossessed?
Your car can be repossessed if you miss one payment. Not likely they would do that but it is possible.
What is the Repossession laws in Hawaii?
In Hawaii, creditors can repossess vehicles without court order if the borrower defaults on the loan. However, they must do so without breaching the peace. Borrowers have the right to cure the default before the repossession occurs. Creditors must provide notice before selling the repossessed vehicle.
What is forfeiting?
It means when you can't pay for something , you surrender it before it is repossessed.
