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Its NOT a matter of HOW late, just that you ARE late. Read your contract. That should explain when you are in DEFAULT.

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โˆ™ 2015-07-15 19:30:30
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Q: How late does your payment have to be before your car can be repossessed in Florida?
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Related questions

How many days late on car payment before it can be repo?

The length of time that a car payment can be late without being repossessed will depend on the bank or car dealers agreements. Payments made after a month may be in jeopardy of being repossessed.


Can your car still be repossessed if the payment is 30 days late?

Absolutely.


What has to happen before a creditor can have your care repossessed?

A car cannot be repossessed until the owner has missed several car payments and the owner has been notified of late payments. In most states a car can be repossessed after three months of non-payment.


Can a vehicle be repossessed if the payment is 21 days late in New York State?

READ your CONTRACT. IF the contract is in DEFAULT, the collateral CAN be repossessed.


Can your car be repossessed if the payment is two weeks late?

READ your contract. If you are in DEFAULT of the terms, you can get repoed.


Can your car be repossessed after being late a few days?

It can be. but generally wont be unless its your first payment.


What is the time span of a late payment until your vehicle will be repossessed in the state of North Carolina?

That is determined by the LENDER.


Can a car be repossessed if you are late making the remainder of the down payment but have been on time making the car payment?

YES, making the down payment is part of the contract and you are in default on it.


Can your car be repossessed before being 90 days late?

Yes


What is the time frame to repossess a car in Texas?

Under Texas law, a vehicle may be repossessed even if payment was only late for 10 days. This means that is payment was due on the first day of the month, and payment has not been settled on the tenth, then, vehicle will be repossessed on the eleventh.


How many missed payments does it take for a car to legally be repossessed in Florida?

It depends on your juristiction. Most juristictions around the United States of America can legally repossess your vehicle if you're late on your payment by just 1 month.


Can a vehicle get repossessed if your first payment is 15 days late?

Read the fine print of your contract carefully. I have never heard of a vehicle leasing/purchasing contract NOT having a first payment default clause.

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