0
How many days late can you be before your car can be repossessed?
Wiki User
∙ 10y ago
It depends on where you are. Some states require that a default notice must be sent, and the borrower must be given at least 11 days to "make good' on the payment. Others don't require any notice at all, and theoretically a lienholder could repossess the vehicle the day after the payment was due.
No lender actually would do such a thing; repossession is a pain in the rear for them, too. But you can't count on 60 days, or 90 days, or whatever. The best thing to do if you know you're late on your payments is to talk to the lender; they're more likely to "cut you some slack" if you're communicating with them than if you appear to just be ignoring the fact that you're behind on your payments.
It's also a lot easier to negotiate with the bank before they've gone to the hassle of actually sending someone out to take the car back than it is afterward. By the time the car is repossessed, the lender has more or less given up on the hope of getting paid any other way.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
How many days late on car payment before it can be repo?
The length of time that a car payment can be late without being repossessed will depend on the bank or car dealers agreements. Payments made after a month may be in jeopardy of being repossessed.
How many days does a vehicle have to be past due before it can be repossessed?
three months
How many days must a vehicle loan be late before it is repossessed?
They usually repossess when you miss two or three payments. They seldom repossess if you've just missed one.
How many house payments can you miss before it is repossessed?
once you are 90 days down they can start with a foreclosure.
How many payments must be missed before they repossess?
Actually one, I have repossessed cars for BMW where there customer was three days late. it all depends on the states laws I have a website that may help you avoid having your car repossessed. www.stoptheREPOman DONT LET TTHE BANK TAKE YOUR CAR BACK!
How many days late on car payments before it is repo?
60 days
How many days late can you be before a company can repossess a car in NJ?
The lender CAN repo when you are 1 (one) day late.
How many days can you be late before getting your period and not be pregnant?
You can be up to two weeks late and not be pregnant but to be safe you should take a pregnancy test after you are seven days late.
How many days late before a creditor can legally call you?
One day.
Can you pay the late payment and get your car back within 14 days of it being repossessed?
In some states under some conditions, YES. It depends on how many times you have been late, repoed, in default, the terms of the contract you signed,ect.
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.
How many days late must a tenant be before a storage cuts their lock and auctions the unit contents?
It all depends on the state. I work for a storage company and our policy is 41 days late, before we cut the lock. Then roughly 2.5 months before auction. We are in IL for reference.
