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How many payments can you miss before your car will be repossessed?
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoLegally, only one. But your contract will tell you more.
Wiki User
∙ 8y agoThat's dependent on the conditions of your loan. Realistically, they can legally repossess it after one payment is missed, if those terms are stated on the conditions of the loan.
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In Kentucky how many car payments behind do you have to be before your car is repossessed?
Your car can be repossessed if you miss one payment. Not likely they would do that but it is possible.
How many house payments can you miss before it is repossessed?
once you are 90 days down they can start with a foreclosure.
How many days must a vehicle loan be late before it is repossessed?
They usually repossess when you miss two or three payments. They seldom repossess if you've just missed one.
In general how many months can a person fall behind in car payments before the car will be repossessed?
Typically a person is given three months or approximately 90 days to miss car payments before a car is subject to repossession. Usually the bank or credit union that issued the loan will call to try and arrange payments with the car owner.
Can a car be repossessed if you are two payments behind?
Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.
How many payments do you have to miss before your car can be repo?
Depends on the lender. Legally, one!
How many payments do you miss before wellsfargo forecloses in Oregon?
Not sure the case in Oregon, but usually after 3 missed payments, the foreclosure proceedings start.
How many house payments can one miss before being foreclosed?
If it is not specified in the contract then it is likely at the descretion of the lender.
Will your car get repossessed if you have missed payments with Black Horse for two months?
Maybe, by Fedral law your car can get repossessed if you are ONE DAY past due on your car payment. I know many repo agents and they have a saying "Support your local repo man-- miss two payments" I wouldn't hold off much longer to pay them. You should call them and try to get a deferment or two.
How many payments missed before foreclosure starts in Florida?
Different places can have various restrictions when it comes to foreclosure. However, in Florida you can miss 3 payments and then the foreclosure will start.
How many payments must you miss before there is a repossession?
Most lenders will begin proceedings to reposses once payments reach the 90 day late period. This does vary from vendor to vendor however.
What happens if I don't pay for my car?
Usually you can miss one payment and they will just tack it on to the next months bill with penalty and late charges. If you continue to miss payments they will take your vehicle away from you and it ruins your credit.
