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How late does your payment have to be before your car can be repossessed in Florida?

Its NOT a matter of HOW late, just that you ARE late. Read your contract. That should explain when you are in DEFAULT.


How late does the debtors payment have to be before it is considered for repossesion?

Legally? One day. Some loan agreements will have a late payment period that might be ten days. Read your contract for specifics.


If you pay your mortgage payment after the due date but before the day it is considered late will this affect your credit?

If the mortgage company receives the payment before the "late" date, it won't affect your credit if you don't do it all the time. If you do it too often, they may call you a "slow pay" instead of a "late pay" and that will affect your credit in a bad way. Your payment is late if not paid on or before the due date. Most states do not allow a mortgage company to attach a penalty if it is paid within 10, 14 or 15 days, depending on the state, but it is still late, and can be reported as such. That will affect your score.


What happens if I mail my credit card payment on the due date?

If you mail your credit card payment on the due date, it may arrive late and you could be charged a late fee. It's best to send your payment a few days before the due date to ensure it is received on time.


How many months of payment will you have to default on before foreclosure?

legally: ONE Banks like to try to get you to pay up and continue on but can foreclose as soon as the first payment is late.

Related Questions

Is a warrant for non payment the same as a warrant for eviction?

no


Can a warrant be issued for non payment of car note?

can a warrant be issued for non payment of car note


When you mail your credit card payment on the due date your payment will be considered what?

Your payment will be late, if it does not arrive on or before the due date.


How late must a payment be before they can turn it in to collection?

60 days


How late does your payment have to be before your car can be repossessed in Florida?

Its NOT a matter of HOW late, just that you ARE late. Read your contract. That should explain when you are in DEFAULT.


Can they put a warrant out for non payment of vehicle?

no


How long before they can repossess you car in Virginia?

The lender can legally take the vehicle one day after the payment is due. That is, on the day the payment is late, the lender can begin repossession efforts. The day the payment is late, the contract is void.


How late does the debtors payment have to be before it is considered for repossesion?

Legally? One day. Some loan agreements will have a late payment period that might be ten days. Read your contract for specifics.


How late does a mortgage payment have to be before it can be legally reported to the credit bureau?

The very minute it's late theoretically it could be reported.


What does "payable in advance" mean and how does it impact the payment process?

"Payable in advance" means that payment is required before receiving a product or service. This impacts the payment process by ensuring that the provider receives payment upfront, reducing the risk of non-payment or late payment.


If you pay your mortgage payment after the due date but before the day it is considered late will this affect your credit?

If the mortgage company receives the payment before the "late" date, it won't affect your credit if you don't do it all the time. If you do it too often, they may call you a "slow pay" instead of a "late pay" and that will affect your credit in a bad way. Your payment is late if not paid on or before the due date. Most states do not allow a mortgage company to attach a penalty if it is paid within 10, 14 or 15 days, depending on the state, but it is still late, and can be reported as such. That will affect your score.


Which states' lenders are supposed to notify the cosigner before reporting a late payment to credit bureaus?

None