Read your contract. It should specify what results will happen when the contract is in DEFAULT. Legally, ONE (1) DAY in default. DONT GAMBLE. Face the facts and plan for a future based in REALITY.
TECHNICALLY AFTER ONLY ONE DAY YOU ARE IN DEFAULT OF YOUR CONTRACT, USUASALLY A FINANCE COMPANY WILL WAIT UNTIL YOU ARE 30 DAYS PAST DUE. UNLESS YOU ARE A HIGH RISK CUSTOMER, THEN REPOSSESSION USUALLY OCCURS WITHIN 15-20 DAYS. THIS IS IN Michigan
I am a repossession agent in Virginia it takes 2-3 months of not paying before the repossession status occurs.AnswerI am a repossession agent in Virginia it takes 1 missed payment then repossession status occurs.
There is no specific time limit for a repossession in Florida. Florida law does not require a creditor to give notice before starting a repossession.
as soon as they can find it
NO, co-signor is only notified when its time to pay the loan.
The repossession stays on your credit report for 7 years.
You will receive notices that your payments have not been received, making your auto subject to repossession, but you will not receive a date and time of the repossession.
California allows self help repossession as long as there is no breach of the peace. There is no requirement to send a Right to Cure letter unless your specific contract says that one must be sent prior to repossession.
If you mean "How long before a will is probated in court?", typically six weeks to three months.
The repossession process of a car usually takes about 6 months