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What else can I help you with?
When would a house be in danger of repossession?
Typically, a house can be repossessed after 90 days of non payment by the mortgage holder. However, it is not illegal for repossession to begin after a missed payment, though this is extremely rare.
If your loan is not 30 days over due and you have the money to pay the payment can the bank refuse your payment?
Yes. When a contract becomes defaulted, the lender does not have to accept payments or futher negotiate with the borrower unless they choose to. Most lenders will try to work with the borrower rather than resort to the expensive process of repossession or legal actions.
What happens if you can't make your first payment on a car loan?
You have to pay for it later. If you proceed to not pay them, the loans will build up. The same thing that will happen if you go 60 days with no payment on any of the loan payments, eventually they will repo you car. If you can't make the full payment, SEND SOMETHING. You can thing petition the court at a later day to prevent repossession (called an injunction) by proving you have done everything in your ability to pay for it. The company will also cut you a little more slack. Make sure you pay you loans, it will destroy your credit if you don't.
Is it better to have a repossession or delinquent payments on your credit report?
Although late payments (especially those over 60 days delequint) will have a strong negative effect on your score much like a repossession, the repossession will have a more severe, long-term negative effect than a late payment. Late payments dilute themselves relatively quickly as time passes - an initial 30 day late will hurt your score by about 50 points, but after a year this will diminish to about half, and will continue to do so over time, whereas a repossession's effects will take many more years to diminish. Also keep in mind that in the future, whenever you wish to purchase a new or used car on credit, you will have to disclose your repossession to the dealer. This may hinder your ability to attain such credit. If you feel you are unable to make a scheduled payment on your automobile, call your creditor and see if you can arrange a new payment plan. Repossession is a costly procedure and creditors would like to avoid it if at all possible. Communication is key - it never hurts to ask for assistance. Hope this helps!
What are the consequences of being 30 days late on your mortgage payment?
Being 30 days late on your mortgage payment can result in late fees, a negative impact on your credit score, and the possibility of foreclosure proceedings starting. It is important to communicate with your lender if you are facing financial difficulties to explore options to avoid these consequences.
When will repossession happen?
If can happen the day after a non-payment. Most of the time it's 60 days or more. Curse the person on the other end of the phone and it will happen real quick.
When you keep the promise to bring the car loan to current and pay to do so can the lender still reposess the car?
It can happen. If the order for repossession is already out when the payment is made, it may take a couple days for that payment to be processed, and that order for repossession will not be called off until the payment is fully processed.
When would a house be in danger of repossession?
Typically, a house can be repossessed after 90 days of non payment by the mortgage holder. However, it is not illegal for repossession to begin after a missed payment, though this is extremely rare.
By law how many days does your payment have to be late for a reposession to occur?
The number of days a payment must be late before repossession can occur varies by state and contract. Typically, it ranges from 30 to 60 days past due. It is important to review the specific terms of your contract and familiarize yourself with the laws in your state regarding repossession.
Is it legal to reposes a car 8 days before the payment is due and five days after purchasing the vehicle?
That sounds odd, repossession is usually done when you've missed payments.
If i am 167 days delinquent on your car payment's. can you work something out with the lender to avoid repossession?
No one can answer this question except the lender. You need to contact them and ask.
How far behind in my car payments can I be, before I have to worry about repossession?
You can start to worry about repossession of your vehicle as soon as you miss your payment. Depending on the loan amount and the type of vehicle you have you may have up to 30 days from your last missed payment to risk loosing your vehicle. If you keep in touch with the lender of your car, you have a better chance of not loosing your vehicle right away.
Can a bill 30 days past due be sent to a collection agency?
Might be unusual to have happen just at 30 days - usually 120 days or more is the norm ... However ... if the payee has a history of consistently being 30 days late on making every single payment, then it could go to collections ... and quite possibly close and demand full payment.
In Reno Nevada how many days can you be late on your payment before they can repossess your car and must they notify you first?
In Nevada, if you're late on your car payment, lenders typically allow a grace period of about 10 to 15 days before considering repossession. However, the exact timeline can vary based on the terms of your loan agreement. Lenders are generally required to notify you before repossession, but the specifics depend on the loan terms and state laws. It's advisable to review your contract and communicate with your lender if you're facing payment difficulties.
How many days past due on an account does a person have to be before repossession can be?
Repossession laws vary by state and the terms of individual contracts, but typically, a person may be subject to repossession after being 30 to 90 days past due on their account. It's essential to review the specific terms outlined in the loan or lease agreement, as these documents often specify the conditions under which repossession can occur. Additionally, lenders usually send notices or warnings before proceeding with repossession.
Are there bombings - like 2005 - and riots in London - like 2011 - in every year that Christmas falls on a Sunday?
No. Bombings and riots can happen at any time and are not based on days being on different dates.No. Bombings and riots can happen at any time and are not based on days being on different dates.No. Bombings and riots can happen at any time and are not based on days being on different dates.No. Bombings and riots can happen at any time and are not based on days being on different dates.No. Bombings and riots can happen at any time and are not based on days being on different dates.No. Bombings and riots can happen at any time and are not based on days being on different dates.No. Bombings and riots can happen at any time and are not based on days being on different dates.No. Bombings and riots can happen at any time and are not based on days being on different dates.No. Bombings and riots can happen at any time and are not based on days being on different dates.No. Bombings and riots can happen at any time and are not based on days being on different dates.No. Bombings and riots can happen at any time and are not based on days being on different dates.
What is the time line in repo a car?
The timeline for repossessing a car typically begins when a borrower misses a payment, leading the lender to send reminders and notices. After a grace period, usually 30-90 days, the lender may initiate the repossession process if the debt remains unpaid. The actual repossession can happen quickly, often within days of the decision to proceed, and can take place without prior notice. Once repossessed, the lender may auction the vehicle to recover the outstanding loan balance.
