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If you have a car loan in Wisconsin and are almost 2 months late how soon will they repo the car and do they contact you prior to repossession?
Wiki User
∙ 12y ago
To my knowledge they haven't changed the law in WI. yet, so here ya go. Of course, IF you have refused to surrender, they may already have the judgment and be on the way.TITLE STATE: Yes SECURITY INTERESTS: Shown on title held by debtor.LICENSE REGISTRATION: Wisconsin Division of Motor Vehicles, 4802 Sheboygan Avenue, Madison, Wisconsin 53705. Tel.:(608)266-1466.RECOVERY REQUIREMENT: The debtor must be contacted and is required to sign a voluntary surrender of the collateral. If he refuses to surrender the collateral, a judgment must be obtained granting the right to self help recovery.DOCUMENTS REQUIRED FOR LIQUIDATION: Title, Repossession Affidavit, and Copy of Contract.PLATES: Remain with debtor.
Wiki User
∙ 12y ago
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In Texas how many months before repossession?
No months. It will be more like weeks or days. In practice, you can be one day past due and the lender can send your vehicle for repossession. It might be months before the actual repossession happens; it will depend on how difficult it is for the agency to secure it.
How long does the repossession process of a car usually take?
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I am a repossession agent in Virginia it takes 2-3 months of not paying before the repossession status occurs.AnswerI am a repossession agent in Virginia it takes 1 missed payment then repossession status occurs.
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