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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.

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19y ago

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What is a back payment?

A back payment is an overdue payment from a debtor to a creditor on money owed.


Someone can repossess a car after being one day late if they want to but how long overdue is more typical in New York before they repo?

30-60 days depending on the lender and your account.


Is overdue an adverb?

No, the word overdue is not an adverb.The word overdue is an adjective.


What is the past tense of overdue?

The past tense of "overdue" is "overdue."


What is a overdue account?

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


What is a sentence for overdue?

The library books he borrowed were overdue.His payments were overdue so the bank sent a final warning.


How do you use overdue in a sentence?

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.


Do you use the hyphen on long overdue?

long-overdue


What is another word for long overdue?

nonshort overdue ;)


If a dealership assigns a car to a finance company and the finance company says you don't owe them can the dealer repossess?

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.


What part of speech is overdue?

"Overdue" can function as an adjective or an adverb.


How do you tell a customer that their account is overdue?

Say "Your account is overdue."