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What can you do if you have had your car repossessed before and you are currently paid up on your payments but one of the checks bounced?
Wiki User
∙ 17y ago
Sit back and wait for NOI letter (Notice of Intent). * The majority of states do not require notice before a vehicle is repossessed. Contact the lender and explain the situation. And hope for a positive outcome.
Wiki User
∙ 17y ago
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What has to happen before a creditor can have your care repossessed?
A car cannot be repossessed until the owner has missed several car payments and the owner has been notified of late payments. In most states a car can be repossessed after three months of non-payment.
Before a car can be repossessed doesn't it have to be behind in payments by at least two months?
Nope.
In Kentucky how many car payments behind do you have to be before your car is repossessed?
Your car can be repossessed if you miss one payment. Not likely they would do that but it is possible.
How many missed mortgage payments before you get repossessed?
Its usually 3 months when the bank starts the paperwork and harrassing you to make payments
How many house payments can you miss before it is repossessed?
once you are 90 days down they can start with a foreclosure.
How far behind do your car payments have to be before it can be repossessed in the state of Virginia?
In Virginia, the law states a lender must submit notice in writing at least 10 days before a car is to be repossessed. Therefore, car payments that are late can be subject to repossession at anytime, provided notice has been given.
How many days late on car payment before it can be repo?
The length of time that a car payment can be late without being repossessed will depend on the bank or car dealers agreements. Payments made after a month may be in jeopardy of being repossessed.
In general how many months can a person fall behind in car payments before the car will be repossessed?
Typically a person is given three months or approximately 90 days to miss car payments before a car is subject to repossession. Usually the bank or credit union that issued the loan will call to try and arrange payments with the car owner.
How many days must a vehicle loan be late before it is repossessed?
They usually repossess when you miss two or three payments. They seldom repossess if you've just missed one.
What type of energy is used before and after a ball is bounced?
Gravitational potential energy before the ball is bounced which changes to kinetic energy and then to elastic potential energy.
How do you bounced checks affect your credit score?
A bounced cheque would affect your credit score in a negative way. A Bounced cheque means you have been delinquent in your payments and credit agencies may have this affect your credit score badly. A low credit score means, lesser credit eligibility and lesser financing options. So be careful while writing cheques. Ensure that you have enough funds in your account before you write any...
How many payments must be missed before they repossess?
Actually one, I have repossessed cars for BMW where there customer was three days late. it all depends on the states laws I have a website that may help you avoid having your car repossessed. www.stoptheREPOman DONT LET TTHE BANK TAKE YOUR CAR BACK!
