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There is no limit. If the lender is not in a hurry for the vehicle, then they may not move on it right away. On the other hand, if your behind and they belive they are able to capture back funds they may move on it right away. Don't take any chances, most will work with you to get you caught up. CALL them. You might be surprised. - Repo man in Central Ohio
What else can I help you with?
If you are a cosigner on a car loan and the bank reposses how long is your credit affected?
Seven years.
When can a bank reposses someone's car?
When the "owner" stops paying for it, the bank will probably call repeatedly and may send something in the mail.
What is the procedure to reposses a car in Idaho?
We come out, at any given time, take the car, and you call your bank and ask how to get it back. I do a lot of repossessing in Idaho. We just come out. You can pay all but 5 cents of the car off, and since you have been in default, they can take the car.
Bought a car now told its on finance Am i the legal owner?
you took a loan to finace the car from the dealer- the bank holds the title to your car- you are the owner and respondsilbe to pay the loan or the bank or fiance companmy can reposses your car
You owe 40000 dollars on a truck you let it go back to the bank can the bank take you to court?
It depends. Did the bank reposses or did you turn the car over in lew of payment(this would have been worked out with the bank)If the bank repo'ed the car, once they have sold the vehicle they could sue you for the the balance owed (subject to state laws that may govern this transaction.)
Can the car lender reposses the car because of bankruptcy 7?
A creditor cannot reposses a car without BK court approval (i.e. relief from the automatyic stay). However, if you do not keep paying the car loan, a BK will allow a creditor to reposses the car.
Can they reposses your second car for the first defaulted car?
no
If they reposses one of your cars can they take the other?
you can only reposses a car that has out standing payments. unless you are involved in crime and have profited through illegal activities then both cars can be repossesed.however if you have only defaulted payments on one car then your other car is safe.
How do you reposses a car if you do not know where it is?
You search for it.
Can they come to your work place to reposses your car and if the car is not with you?
If you don't make your payments, the lien holder has right to take the car any time.
How many missed payments can you have in Utah before the bank can reposses your car?
Every financial institution is different. Typically 1 to 3 months.
Can you get ticket in Florida for driving a car with a invalid registration while the bank is trying to reposses it for missing a payment?
You are driving with an invalid registration. That means you can get a ticket.
