Legally, ONE day. As long as you are in DEFAULT of your contract, the lender CAN repo the collateral. Read the contract for more on DEFAULT.
Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.
if you are behind on payments then yes they can
Depends on the lender. Legally, one!
The repo man will tell you that, but no it is not true.
If "you" are the lienholder then yes. If you're not the lienholder or their authorized agent (e.g. a repo man working for them), then no.
As long as you are in default, they can repo. Try to catch up the month behind. Send $5.00-10.00, whatever.
You CANT legally. She could report it STOLEN if you did. Best thing to do is contact the LENDER and assure them that YOU will make the payments IF they will repo it. AND get the registration out of her name. They can do that AFTER repo. Good Luck and MERRY CHRISTMAS.
how do i get a a repo license in Florida
YES, legally they can repo as long as you are in DEFAULT of your contract. However, they want the money, not the car. So do what you told them you would do, stay in contact with them, dont avoid their calls and things will work out.
If you are up-to-date then no, if you are a cosigner there may be complications...
if you are behind at least 2-3 months behind in payments then they can come get it whenever they please
NOPE. No state requires lenders to tewll you that you are in "repo status". The lender desire for you to make the payments will sometimes give you a clue.
Read your CONTRACT. You have to be in DEFAULT of the contract for the lender to repo. If you are current on payments, what else can you be in default of?? INSURANCE coverage?
A repo is a repo is a repo.
Heck NO. LOL they might want you to THINK that...
READ your CONTRACT. Its that simple. If you are in DEFAULT of the contract, they can repo the collateral.
Yes, they can. Consistent communication is the car-key to your vehicular retention.
Look at the contract. It may have verbage stating if you are in default on 1 note, you are in default on others. If so, yes. It's legal in Michigan if the note allows so in the default section.
When you dont pay your payments on something
Only if the truck, boat and trailer were all behind on payments and the lien holder for all of them assigned them all out for repo. If they weren't it's called conversion.
Looking for a repo school in Fl