Typically, a lender can repossess your car after you are 30 days behind on payments, though this can vary by state and lender policies. Some companies may offer a grace period or try to contact you before initiating repossession. It's essential to review your loan agreement for specific terms regarding delinquency and repossession. If you're struggling to make payments, contacting your lender may provide options to avoid repossession.
Yes, your car can be repossessed by a company if you are behind on payments. However, it has to be a licensed repossess to be able to do this.
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3 payments
Nope.
Typically, it is difficult to get a home equity loan if you are behind on your mortgage payments. Lenders may see this as a risk and may be hesitant to approve the loan. It is important to catch up on your mortgage payments before applying for a home equity loan.
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Of course YOU WILL LOOSE YOUR HOUSE IF YOUR BEHIND ON PAYMENTS.
Usually 3 payments does it - but that is up to the lender. - Don't just let it happen ! - Go to them, try to work out a solution. It often works,
no more than 2 payments
90 days This is not true. we were only 30 days late and our home was foreclosed on.
Your car can be repossessed if you miss one payment. Not likely they would do that but it is possible.