The answer to this question depends on your contract terms. Usually, a contract will spell out what constitutes a default. The contract should also say that if you default, they can repossess the collateral.
A back payment is an overdue payment from a debtor to a creditor on money owed.
30-60 days depending on the lender and your account.
No, the word overdue is not an adverb.The word overdue is an adjective.
The past tense of "overdue" is "overdue."
By that it means overdue as in you have to pay to stop it from being overdue so basically its expired why whats overdue because it depends
The library books he borrowed were overdue.His payments were overdue so the bank sent a final warning.
We were overdue for a good rain. "Your book is overdue," Said the librarian. "You need to pay a fee." I pledged not to the librarian that my books wouldn't be overdue.
long-overdue
nonshort overdue ;)
If the finance company has been paid in full, then why would the dealership (or the finance company) want to repossess your car? If the loan hasn't been repaid and is long overdue, then the dealer and finance company will probably decide who actually repossesses the car. Either way, it's up to them, not you. Best thing to do is check the fine print in your loan agreement (which you signed when you bought the car) and see what it says about overdue payments, repossession, etc. If you've lost it, call your dealer and ask for a copy.
"Overdue" can function as an adjective or an adverb.
Say "Your account is overdue."