0
What else can I help you with?
Can a vehicle be repossessed if the payment is 21 days late in New York State?
READ your CONTRACT. IF the contract is in DEFAULT, the collateral CAN be repossessed.
When can a car be repossessed in the state of Tennessee?
When the contract is in DEFAULT.
Is a cosigner liable for the balance of a repossessed vehicle if the loan company auctioned it without notifying them?
READ your contract you signed. Call a local attorney for state specific legal advice.
If your car is repossessed in the state of Pa. can your wages be garnished?
READ your contract.
How much time do you have before your car is repossessed?
Depends on the contract you signed and the state that you live in. Some states require a 15 or 20 day Right to Cure letter be sent to the debtor prior to repossession and some states allow the vehicle to be repossessed the day after you miss your payment.
What is the time period given before a car can be repossessed by a creditor in new york state?
Read the contract you signed. it likely states that when in DEFAULT, the lender can repo the collateral. Default is when you dont pay a payment as agreed or any other condition of the contract. No rocket science here.
If a buyer defaults on the contract but it isn't stated in the contract that the vehicle can be repossessed can it still be taken?
You need to contact a local attorney for state specific advice.
Is a contract signed in one state legally binding in another state?
Yes, a contract signed in one state is generally legally binding in another state as long as it meets the legal requirements of both states and does not violate any laws.
When can they start a repossession?
Depends on your state laws and the contract you signed with the lender. Read your contract. after the second payment is not paid
If you signed one contract and your co-signer signed another contract can the car be returned since you didn't sign one binding contract together?
Contact a local attorney for state/case specific advice.
If your car is repossessed and they auction it do you have to pay the amount that they tell you is leftover on the loan?
Melissa, what does your contract say?? It also depends on what state you are in. Usually, YES, you do have to pay.
When a car is repossessed how long does the credit union have before they can sell it and how long do they have to give you to pay the past due balance?
It depends on the laws in your state. What state are you in?? The previous answer was right on the money. It all depends on the state. For instance, in AZ, there is a 10 day cure period. If you don't get right with the lender in those 10 days, they can sell the vehicle. It also may depend on your contract that you signed. The state may have no cure period but your contract may say that there is a 15 day period. Check your state laws and your finance agreement.
