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It is done in time not money i.e. days late.Generally 30-45 days late triggers a repo but they can repo after one day late.

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Q: What is the amount of days you have to be past due on a car payment to be considered for a repo?
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Can a lender refuse a payment on a mortgage if you are 90 days past due?

Yes, the lender can refuse payment if it is not enough to cure the entire past due amount.


When is an account 30 days past due?

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