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It varies bank to bank and also depends on your credit history and history with that lending institution. If you keep the communication lines open they will wait but only if you don't break any promises you make to them. If I had to give a time range I would say that an aggresive bank would begin repo when you hit the 90 day delinquent mark and a lenient bank would wait another 30-60 days later.
What else can I help you with?
Can you get a personal loan after a car repossession?
You might be able to get a personal loan after a car repossession. However, you would get the loan at a very high interest rate one the repossession is on your credit report.
Can your car be repossessed for late payments?
Yes, this is the common reason for repossession. It is in fact the primary reason for the existence of repossession agencies and repossession forwarding companies. It is also the reason the vehicle was used to secure the loan in the first place.
How long after repossession can you get a car loan?
The repossession stays on your credit report for 7 years.
Can they repossession your car from a title loan?
Yes. They can! The car is their equity basically!
Can you got to jail for keeping a car from a title loan repossession?
yes you can
Can you get a car loan with a co-signer if you have a repo on your credit?
You should be able to get a car loan with a qualified cosigner. Even with a repossession on your credit you should be able to finance a car loan.
What happens when car loan is paid off but late charges are due?
THEN THE LOAN IS NOT PAID OFF! All late charges, penalties are added to the principle amount and then the payments continue until all owed monies are paid. Penalties and repossession are still done at this point in the process
If you have a car repoed in South Carolina do you have to pay the remaining balance of the loan?
Yes. Additionally, you will be responsible for any late fees, repossession fees, storage fees, transportation fees, and legal fees and court cost incurred during the repossession process.
If you are late on your loan payment and are a cosigner on your daughters car can they repposses the car?
If you are late on your loan payment and are a cosigner on your daughters car can they repposses the car?
How do you get out of a car loan that you don't want anymore?
Pay it off, voluntary repossession, sell the car and pay it off.
Can you still qualify for an FHA loan if you have had a car repossession in the past?
Yes, you can still qualify for an FHA loan even if you have had a car repossession in the past. However, the repossession may impact your overall credit history and could affect your ability to get approved for the loan. It's important to work on improving your credit score and demonstrating responsible financial behavior to increase your chances of approval.
Can you be sued for a car that has been repoed?
If your car was repossessed, they will sue you for the difference in what the car sells for and the balance on the loan, plus repossession fees.
