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Q: If you are only 10 days behind on your payment can the Financial Institution repossess your car?
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Related questions

How many payments do you usually have to be behind before a financial institution decides to repossess?

60 days is usual for most lenders, however, it varies.


How many payment do you have to be behind before they can repossess in the state of MN?

It depends on the terms of the contract. Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.


Can your cosigner repo your car if you are behind on your payment but not in trouble with the financial institution?

Amanda, if you are behind on the payment, youare "in trouble' with the lender. you are in default and could be repoed by the lender at any time. they just havent pushed the issue YET. Co-signor can only 'repo" IF they are listed as co-owner on the TITLE.


Can a company repossess your car if you are making your required payments on time every month but were behind one payment from the year before?

but were behind one payment from the year before?":**** you answered your own question, didnt you? Pay them $5.00 per month on the way behind payment and maybe they will be quiet. LOL


What are the state laws for repossession in the state of Oklahoma?

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.


How many days you have to be behind before they can legally do a repossession in Arizona?

The limit is in the contract you signed. It likely says that when you are in default the lender can repossess. That means anytime you are behind at all... even one day, although most places wouldn't do that. They would rather get the payment rather than go to the trouble to repossess.


You payoff your car but you were behind to payment and they repo your car what you need to do to get your car back?

They don't repossess cars that are paid off. So your best bet is to call them and see if they want to deal with you. Usually, if they've gone to the trouble to repossess it, they won't deal with you.


When can a bank reposess a car?

A bank can repossess a car at any time the loan has defaulted. Many times a bank will wait until a payment is 2 to 3 months behind before repossession.


Can a your car be repossess if you are one month behind In North Carolina?

jackoff


In Georgia How many payments do you have to be behind before they can repossess your car?

oiuo


Can they still repossess your car if you get caught up on the payments?

Depending on the state of residence, it is possible for a lender to still repossess your car if you get caught up on the payments. Certain states allow a lender to request full payment of an auto loan when borrowers fall behind, even if they have caught up on past due payments.


Can Ford deactivate the on board computer if you are behind on your payments?

No. They can, however, repossess your vehicle


If payment is a month behind yet two weeks ago made a full payment can they still threaten to repossess?

AnswerProbably, but if payments are kept current it would be unlikely that a creditor would take such action. When a scheduled payment is missed the account is in default even if the payment is "made up" and the creditor can exercisewhatever options might apply under the original agreement, including repossession of the item.


Can a finance company repossess my car if I am only one week behind in car payments?

Typically, yes. Unless you have it in writing that they will change your payment date, or accept a later payment, they can repossess your car for being only a day late on your payment. However, most companies will not repossess this early as it usually ends with them losing money. They make more money by you paying your monthly payments plus interest. In the long run, if they repossess they have to sell the car at wholesale or auction and typically the person whose car was repossessed does not pay the balance due. This whole process takes a lot of time and money. Usually your finance company will avoid repossession until it is a last resort. Buy here pay here places aren't so nice however. In the end, legally speaking, the answer is yes.


How many months can you be behind on a payment before the repo?

That would depend entirely on the financing institution or an agreement between them and you at the time of financing. If you are fearing repossession, get in touch with your financier and let them knw you are in arrears and explain why. Work out some kind of extension or payback plan. The financial institution would rather have your money than your vehicle. But if you don't get in touch with them, their obvious thought is that you don't plan on paying and will send the repo man after the vehicle.


When can your car be repossed?

The most frequent cause of repossession is lack of payment on a note owed to a financing company or bank. The lender can repossess anytime after a payment is missed, but most won't start such proceeding until you've missed two or three payments. Always try to work with the lender before you get too far behind.


How long does a lender have to repossess?

I am 3 months behind on my mortgage? How long until they repo my home?


Can they repossess cars just because you move out of state?

You are allowed to move anywhere. You have to be behind on pymts.


If you are paying can they reposses?

Vehicles are put up for repossession in self-help states only after the loan has been defaulted upon. Provided you have made all of your payments, and these payments have been on time per the contract, then no. However, if you have ever been late on a payment, and you fall behind at anytime, the contract in most cases has been defaulted, and repossession may proceed. That a lender does not repossess every time a borrower falls behind is a testament to two things: one, it is an expensive and complicated process to repossess a vehicle; and two, they understand that people fall behind and are willing to allow people to pay current. Their interest afterall is the contract. They do not really want your vehicle; they want the payment.


What is pre shipment finance?

Pre Shipment Finance is issued by a financial institution when the seller want the payment of the goods before shipment. The main objectives behind preshipment finance or pre export finance is to enable exporter to:Procure raw materials.Carry out manufacturing process.Provide a secure warehouse for goods and raw materials.Process and pack the goods.Ship the goods to the buyers.Meet other financial cost of the business.


How far do you have to be behind on a car payment before your car is repo?

2 payment


Can a finance company repossess your car when you lose your job?

Only if you stopped making payments and are behind on your on your payments.


What can you do if you are only behind 1 payment and only owe 1000 but the lender says they want their money by Wednesday or they will repossess?

I wouldn't leave the car alone very long. LOL It prolly wouldn't be hard for the lender to get the balance due if they sell the car at auction.


My payments is behind but I want to trade it in. what dealership would take it?

I dont see why not. The dealership gets their money from the company that financed the car. You arent paying tge dealership, you pay the financial institution. Problem is, if you're behind on payments, that will not help you to get another vehicle.


Which government is behind nalanda proposal for learning institution?

Singapore