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How far behind in payment do you have to be before repo happens?
Wiki User
∙ 16y ago
It depends on the state that you are located in, the contract that you signed and the lender that you have a loan with. I am a recovery agent in Ohio and some lenders don't place a car up for repossession until it is 6 months past due while others will place an order for repossession after the debtor is 3 days late....depending on the contract that was signed. AnswerLegally, the moment you default on your loan (1 day late). A lender will usually attempt to see whats going on. If its a sub prime loan they will be quick to try to collect. Work something out if you can, even though you are late lenders should be courteous. Be nice and work something out and keep commitments, even if its for a partial payment.
Wiki User
∙ 16y ago
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How far do you have to be behind on a car payment before your car is repo?
2 payment
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
Can your cosigner repo your car if you are behind on your payment but not in trouble with the financial institution?
Amanda, if you are behind on the payment, youare "in trouble' with the lender. you are in default and could be repoed by the lender at any time. they just havent pushed the issue YET. Co-signor can only 'repo" IF they are listed as co-owner on the TITLE.
Can a bank repo your car before notifing you before they come get it?
They should tell you that you have till A certain date to catch up all due amounts or they will "take action to collect the debt" that means they will repo. the vehicle, Some banks will tell you when and where they intend to do the pickup of assets, almost all banks will not do A repo. until the note is 90 sinse last payment.
How far behind on a auto loan before they repo the auto?
3 payments
Can your car get repo cause the payment is 40 days behind?
That depends entirely - on the conditions of the contract YOU signed ! If it says your car will be reposessed if your payment is late - there's absolutely NOTHING you can do about it !
How many payments in the state of Texas can you be behind for repo?
Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.
When repo man hits another car when repossesion a vehicle?
when repo man repossess the car and was in an accident before you can get it back, what happens
How long before Aarons sales and lease can repo?
aarons can repo as soon as you have missed your first payment as long as u give up the product if u dont nothing really they can do about it
What are the repossession laws concerning a title loan company and are they able torepossess a vehicle 2 weeks BEFORE the first payment is due?
The repossession laws will vary with each city/state. A title loan company can't repo a car if the payment is not yet due unless the car is behind on payments.
Can a repo man repo your truck behind your gate?
Yes. If he has a repo order, it is no longer YOUR truck.
Can a car place repo your car if you have made half of your payment?
Not making the entire payment is still a default on payment. You will be charged the late fee and you will need to make it right with the bank or they will start the process of repo.
