Depends on your jurisdiction. If you're late on a payment for just 1 month, it's legal for the car dealer to repossess your vehicle, but 27 days seems a bit uncalled for.
CHECK THE LOAN PAPERS. SOME 30 DAYS SOME ARE LONGER. IT ALL DEPENDS ON YOUR LOAN.
Depends entirely on what the contract you signed says. If you are 1 day late they may be able to repossess the vehicle if that is what the contract says and what your state laws are regarding repossessions. Read your contract.
Your contract most likely states that the lender can demand payment in full at anytime. This means they can repossess the vehicle after demanding you pay it off. If you are 5 days late, they could repossess it. There is no legal requirement for the lender to wait any amount of time before taking your vehicle.
When they send the letter, it's ten days from the time the letter was drafted. As for when they can repossess legally, that's a matter of your contract, and the laws of your state. Repossession agents and creditors stay pretty up-to-date on legal issues, and if they've repossessed your car, it's probable that they did it in a timeframe where it was legal for them to do so.
Banks can foreclose in as short as 90 calendar days.
Yes, they will repossess if you have only one payment left.
They usually repossess when you miss two or three payments. They seldom repossess if you've just missed one.
READ your contract. IF you are in default, they can repossess.
i know that one of the requirements is that the account has to be passed due for 60 days.
Usually no longer then a month
The lender CAN repo when you are 1 (one) day late.
Apparently, you have 31 days to respond. (verify with your local authorities) The partner who does not want to get a divorce may not be able to stop the process by refusing to participate in the case. It is best to immediately read the papers and to get legal advice.
As soon as you have defaulted on the loan, a creditor can repossess your car. So 24 hours after you have failed to pay, they can repossess your vehicle without notifying you.
No it is not illegal, in fact it is quite legal and usually occurs as I was informed when you are 74 days past due. There is the same peaceful rule. In other words if you object or keep the car locked in a garage they can not force you to relinquish.
There are legal counselors available on certain days at the public libraries. Sometimes they will go as far as to file your papers in court for you for a small fee. Other then the public library I think you could find out alot of information right here on the internet.
yes nothing is set in stone until you sign those papers also even after that you have 30 days to cancel any legal binding contract
If a loan is one day late they can repossess the vehicle, but most lenders would never do that
Nothing I believe they only repossess your car if your a month or more off on your payments
You have ten days to bring your account current or action to repossess the item will begin.
Yes. The trailer is considered personal property, much like that rod and real you left in the boat, or the motor that was not part of the loan. You will be permitted to claim your personal property for thirty days after the boat is repossessed. You will be charged for the storage of it though.
Check with your lawyer.
Read your contract. Likely the answer is YES. As long as you are in DEFAULT, they can repo.