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How long before you don't have to pay off a car that was repossessed?
Wiki User
∙ 12y ago
The lender will pursue collections for any unpaid balance for seven years from the date the car was sold after being repossessed. If the balance is large, they may pursue legal judgment. Obtaining this, they will have ten years from the date of judgment or last payment.
Wiki User
∙ 12y ago
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If a car was repossessed how long does it stay on your credit before it is removed?
7 years
How long does one have to be delinquent on a loan before a car is repossessed?
To determine how long one will have to be delinquent on a loan before a car is repossessed depends entirely on where the loan was taken from. Different places allow different payback requirements.
Can a car be repossessed before the end of the business day?
dont see why not. I've repoed a car within a hour of getting the assignment.
How can you get your car repossessed?
dont pay the payments ever
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.
When a car is repossessed in Illinois do the police have to be notified?
no the police dont have to be notified
How long do TD autofinance give you before they repo your car?
after 60 days they start the process. By day 75 it is repossessed
If your car was just repossessed will they let you get it back if you have the money and how long will it take to get it back?
get it back?? prolly, depends on your payment record,ect. They really dont want the car, they want the MONEY. How long?? a day or two
Can a car be repossessed if the owner dies before the first payment is due?
The car can be repossessed. The estate is responsible to return the vehicle and resolve the lease or loan.
Where is your car if it was repossessed?
i dont know maybe your foot knows. ask your foot. haha
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.
After you buy a repossessed car does it stay marked as repossessed as long as it is driven even though it is paid off?
The car isn't damaged, the debtor's credit rating is. There is no permanent record of the car as a repossessed vehicle like there is for a salvaged title.
