You being arrested has no bearing on your loan. As long as you make the payments on time there will be no repossession. The loan company does not care if you are in jail as long as they get their money.
They aint going to....They try to scare you with that, as long as they have there property there good!!
How do I know.I'm only 9 years old!
The repossession stays on your credit report for 7 years.
30 days and 20 minutes dude
The repossession process of a car usually takes about 6 months
The company Long & Foster provide real estate services to customers. The company helps people to search for a property, locate an agent or to help with homeownership needs.
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.
Till they find it.
I don't think there is a statute of limitation on repossession of a vehicle anywhere as long as there is an overdue payment outstanding.
By federal law, 7 years from the date of repossession or sale or last payment. The state is irrelevant.
The loan company can repossess any car that the payments are delinquent on. Your BK does not prevent repossession of your car.
hello this is your long lost friend from ameriics ga , and
When doing a repossession in Texas can you block their car in?Check with the local police departments. You probably can, as long as the car is NOT parked on private property.
For Experian, a voluntary repossession will remain on your credit report for seven years from the original delinquency date of the debt.
7 years is the norm.
A repossession can be executed anyplace or time that a person holding the repossession order sees the vehicle in question, as long as the repo man does not violate the law in doing so. That said, Florida law does not restrict repossession according to location.
In many jurisdictions, about as long as it takes the repossession driver to get to the nearest courthouse and fill out the paperwork.
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.
check the SOL in your state. Usually 7-10 yrs. but the judgments get renewed so it goes on and on like an Energizer bunny...
In Oklahoma, a loan company can repossess a vehicle when it is just 1 payment behind. These companies can also repossess a vehicle at any time of the day or night as long as they do not breach the peace.
To answer your question simply, a repossession order will typically be a 60 day repossession order. If however you do not contest the repossession or don't turn up to the hearing it is more likely to be a 30 day repossession order. However, you are not clear if you have even received a notice of intended court action or a court date. There is no hard, fast, rule which states when each lender will start repossession proceedings, they can be after just 1 missed payment - the average is between 2 and 3 missed payments. This answer above has been copy & pasted from http://www.repossession-stoppers.com/answers/how-long-does-a-house-repossession-take.htm which is a UK site So if you are from outside the UK it may be different...