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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

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โˆ™ 2015-07-15 19:36:13
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Q: How long do you have before repossession occurs?
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Related questions

How late can a vehicle payment be in Virginia before repossession?

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.


How long does the state of Florida have to file a voluntary repossession claim against you?

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.


Once the loan goes to the repossession department how long do you have before they take the car?

as soon as they can find it


Can you take out a stereo before repossession?

no


Does the co signer of a loan have to be notified through a certified letter before default and repossession occurs?

NO, co-signor is only notified when its time to pay the loan.


How long after repossession can you get a car loan?

The repossession stays on your credit report for 7 years.


Do you receive notification before auto repossession?

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.


Does a Right to Cure Notice have to be sent before repossession according to California law?

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.


How long is a repossession on your records?

7 years


Do you have a right to have a repossession letter before my vehicle is repossessed?

no


How long before a probate occurs?

If you mean "How long before a will is probated in court?", typically six weeks to three months.


How long does the repossession process of a car usually take?

The repossession process of a car usually takes about 6 months

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