Not making the entire payment is still a default on payment. You will be charged the late fee and you will need to make it right with the bank or they will start the process of repo.
Yes, until the repo order is canceled by the owner.
Depending on the lender, but usually they wont Repo a car unless you are 3 months delinquent.
2 payment
SureI am suprised they have not already done so.
It looks borderline MEAN, but if you were late, you were in DEFAULT and the lender has the right to repo when you're in default. Some lenders (BHPH lots) are MORE aggressive in their repo policies that others.
Yes they can.
Non-payment of loan.
Yes. That's the sole cause for repossession, when the payment/s haven't been made.
"charge off" is an accounting term that has nothing to do with collection or amount owed or anything like that. They can repo a car if a payment was recently made as long as you are behind.
The report will be removed 7 years after the date of the last on time payment to the original creditor.
When it gets to your CR, a repo is a repo is a repo. Theres only one.
no they can't