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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.
How late does the debtors payment have to be before it is considered for repossesion?
Legally? One day. Some loan agreements will have a late payment period that might be ten days. Read your contract for specifics.
If you pay your mortgage payment after the due date but before the day it is considered late will this affect your credit?
If the mortgage company receives the payment before the "late" date, it won't affect your credit if you don't do it all the time. If you do it too often, they may call you a "slow pay" instead of a "late pay" and that will affect your credit in a bad way. Your payment is late if not paid on or before the due date. Most states do not allow a mortgage company to attach a penalty if it is paid within 10, 14 or 15 days, depending on the state, but it is still late, and can be reported as such. That will affect your score.
How many months of payment will you have to default on before foreclosure?
legally: ONE Banks like to try to get you to pay up and continue on but can foreclose as soon as the first payment is late.
How many days can you be late on a mortgage payment before they can start the foreclosure process?
This will depend on the lender and your past payment history. Some will start a lot sooner than others. In my area they start moving typically after a 60 day late. Almost all of them are started by 90 days late.
Is a warrant for non payment the same as a warrant for eviction?
no
Can a warrant be issued for non payment of car note?
can a warrant be issued for non payment of car note
When you mail your credit card payment on the due date your payment will be considered what?
Your payment will be late, if it does not arrive on or before the due date.
How late must a payment be before they can turn it in to collection?
60 days
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.
Can they put a warrant out for non payment of vehicle?
no
How long before they can repossess you car in Virginia?
The lender can legally take the vehicle one day after the payment is due. That is, on the day the payment is late, the lender can begin repossession efforts. The day the payment is late, the contract is void.
How late does the debtors payment have to be before it is considered for repossesion?
Legally? One day. Some loan agreements will have a late payment period that might be ten days. Read your contract for specifics.
How late does a mortgage payment have to be before it can be legally reported to the credit bureau?
The very minute it's late theoretically it could be reported.
If you pay your mortgage payment after the due date but before the day it is considered late will this affect your credit?
If the mortgage company receives the payment before the "late" date, it won't affect your credit if you don't do it all the time. If you do it too often, they may call you a "slow pay" instead of a "late pay" and that will affect your credit in a bad way. Your payment is late if not paid on or before the due date. Most states do not allow a mortgage company to attach a penalty if it is paid within 10, 14 or 15 days, depending on the state, but it is still late, and can be reported as such. That will affect your score.
Which states' lenders are supposed to notify the cosigner before reporting a late payment to credit bureaus?
None
How many months of payment will you have to default on before foreclosure?
legally: ONE Banks like to try to get you to pay up and continue on but can foreclose as soon as the first payment is late.
