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Yes, a vehicle can typically be repossessed without a court order if the borrower is two months in arrears on their payments, as long as the repossession is conducted in accordance with state laws and the terms of the loan agreement. Lenders generally have the right to reclaim property when borrowers default on their loans. However, they must follow specific legal procedures and cannot breach the peace during the repossession process. It's advisable for borrowers to review their loan agreement and local laws regarding repossession rights.
What else can I help you with?
How many days does a vehicle have to be past due before it can be repossessed?
three months
What is the average time limit of non-payment of a vehicle before it gets repossessed?
Depends on the company. Average 2-6 months.
How long after your car is repossessed can you get finacing for another vehicle without a large down payment or going to a buy here pay here place?
This question can not be answered in months, days and hours, it depends on several things. How much do you consider LARGE,ect. how well you do at rebuilding your credit rating, how well you know the loan officer. Could be 6 months or 6 years.
If you have not made a car payment in a few months is there any way you can start paying again without paying the arrears before they repossess it?
I seriously doubt it unless you work out something with the lending agency.
Can you charge a repossession fee for a vehicle that was voluntarily turned in?
mine was charged, i left the junker at the car dealership and when i finally got sick of paying for a car i hadn't touched for months, they repossessed something they had possession of.
How long does it take to receive withheld taxes due to child support arrears?
Six months
What can happen if you havent paid your car in 4 months?
You can be sued and your car repossessed.
Can you tag a vehicle without a title?
I recently bought a vehicle about 6 months ago and the dealership didn't have the title! So I'm just wondering if I could register and tag it without a title!
Before a car can be repossessed doesn't it have to be behind in payments by at least two months?
Nope.
If a car was wrecked just before it was to be repossessed is it legal to collect the insurance claim and then turn the vehicle over to the bank?
You can collect it if you want, because the lienholder is going to charge you for not having insurance for as many months as they can, and the amount of what it will cost to get the vehicle repaired. I say give them the check, you will owe less.
What has to happen before a creditor can have your care repossessed?
A car cannot be repossessed until the owner has missed several car payments and the owner has been notified of late payments. In most states a car can be repossessed after three months of non-payment.
Can a motorcycle be repossessed if you haven't made payments in 6 months and then started making payments again?
Technically you breached the contract with the lender if you did not make payments in 6 months. They actually have the right to NOT accept further payments from you. So yes, it can still be repossessed.
