They usually repossess when you miss two or three payments. They seldom repossess if you've just missed one.
went through that myself its 3
Its usually 3 months when the bank starts the paperwork and harrassing you to make payments
60 days is usual for most lenders, however, it varies.
Not sure the case in Oregon, but usually after 3 missed payments, the foreclosure proceedings start.
They usually repossess when you miss two or three payments. They seldom repossess if you've just missed one.
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One.
went through that myself its 3
Its usually 3 months when the bank starts the paperwork and harrassing you to make payments
60 days is usual for most lenders, however, it varies.
As soon as you have defaulted on the loan, a creditor can repossess your car. So 24 hours after you have failed to pay, they can repossess your vehicle without notifying you.
Not sure the case in Oregon, but usually after 3 missed payments, the foreclosure proceedings start.
It depends on the bank but generally one missed payment is enough to call the cosigner
In a Chapter 13 bankruptcy case, if a debtor misses one or more payments to the trustee as outlined in their repayment plan, the case may be dismissed. Typically, the court may allow a grace period for missed payments, but consistently missing payments can lead to dismissal. The specific number of payments missed before dismissal can vary by jurisdiction and the discretion of the bankruptcy judge, but generally, two or more missed payments can trigger a dismissal. It is essential for debtors to communicate with their trustee if they anticipate payment issues.
by law they can repossess your car if you are 1 day late. However, your best option is to get professional help.