0
Is there a statutet of limitation for collecting payment of a reposessed auto?
Wiki User
∙ 15y ago
There are no Statue of limitations on repossession orders given to repo companies. Payments to the finance company can be squashed easily as going into bankruptcy!
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
How soon can a car get reposessed in Florida?
12:01 am of the day after your payment is due
When can an automobile be reposessed?
When the payment has not been made by the due date or within the grace period if there is one.
What if it has been over 5 years since you made a car payment and it has not been reposessed?
Chances are it wont be.
Can your car get repo cause the payment is 40 days behind?
That depends entirely - on the conditions of the contract YOU signed ! If it says your car will be reposessed if your payment is late - there's absolutely NOTHING you can do about it !
Can you still buy a car if you have on your credit report that you had a car reposessed?
Yes, IF you pay more down payment and higher interest rates.
Who is collecting banker?
A bank that assists in obtaining payment in accordance with draft payment terms.
What are the remedies when a lender agreed to accept payment in full the following day but reposessed the night before anyway?
Lesson learned: Lenders LIE !!!!!!!!!!!!!!!!!!!!!!!!!!
What right do you have in North Carolina if your automobile was reposessed because your check bounced?
It's almost unheard of for a car to be Repo'd because of one missed payment or bounced check, there has to be a history of non or late payment in order for them to take the car.
When does your car get reposessed?
When you fail to make the car payments. Usually the bank or financial institute that holds the lien will give you fair warning for payment and then they will tow the car if no payments are made.
How long does a loan company have to repossess your car in Maryland?
Legally, your car could be reposessed after one missed payment. The terms of your contract cover default. Most will not repo your car after just one missed payment, but they could. I would certainly suggest attempting to work something out with the bank.
Does georgia have a state tax limitation?
For Federal income tax purposes, the IRS does not charge a late payment penalty, for the period.
How do you stop collecting companies from calling your office?
Settle the debt or make a payment arrangement to settle the debt.
