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Can a lender repo a car in Pennsylvania if the person is just one month and 7 days late on his payment?
Wiki User
∙ 8y ago
Check your contract for anything special, but I see no reason why they cant.IF you are in DEFAULT, YES, they can repo.
no you were more late then your saying I bet.
Legally, a lender may contract your vehicle for repo at midnight the day youre payment is due. Most wont, but legally they can reposess your vehicle the day after your missed payment
Wiki User
∙ 8y ago
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What if you could not pay for 3 or more months?
what if your 3-Month or more late in car payment will the lender still accepeted a payment
If you make a down payment in the middle of the month and want your payments near the end of each month do you have to make a payment that month?
Talk to the lender to see if you can move your paments up to the end of the month. This would be undertandable enough for them, and they would probably go along with it. Make sure you get it in writing, though.
If your loan is transfered to a different lender do you have to pay that month?
In most cases, you should continue paying your loan payments to your current lender of record until you have been formally notified as to how and when to pay the new lender. If you skip any payments, you run the risk of incurring additional interest and payment penalties. When in doubt, contact your old and new lenders to confirm the payment switchover.
If you pay half of your payment at the beginning of the month and pay the other half at the end of the month can they still repo your car?
Depending on the lender, but usually they wont Repo a car unless you are 3 months delinquent.
Can a mortgage payment be paid every Friday instead of once a month?
You need to discuss that issue with your lender.You need to discuss that issue with your lender.You need to discuss that issue with your lender.You need to discuss that issue with your lender.
Is the payment mortgage on the first of the month covers for that month?
The payment due for the 1st is for present month.
If you could not make one month's payment but postdated a payment on their website can they still repossess your car?
If you are in DEFAULT of the contract, they can repo your ride. Whether they do or not, depends on the lender. Usually folks who are in contact with the lender, make some kind of effort to pay(like you did), get the most consideration before getting repoed. I know times may be rough, but do the best you can and do what you say you will do.
Can you pay your car loan that is 6 months behind on payments?
If you paid a six month balance to the lender in one payment, they would be giddy. The lender does not want your car. They want your money. They will take your car, but only so it can be sold so they can put that toward what you owe.
What is a negative amortization loan?
In finance, negative amortization, also known as NegAmMort, is an amortization method in which the borrower pays back less than the full amount of interest owed to the lender each month. The shorted amount is then added to the total amount owed to the lender. Such a practice would have to be agreed upon before shorting the payment so as to avoid default on payment. Also known as deferred interest or Graduated Payment Mortgage (GPM).
You paid your mortgage on 27 th of the month will it reflect on your credit report?
A mortgage will first reflect as a late payment on your report once it is 30 days late -- at the Lender's discretion. Call the Lender to see that the mortgage was posted in time. Even if it was only a day or so late, and you have a good history with them, they may choose to not report this payment as late. If it was a day late, and you don't ask, they will report it.
What does monthly periodic payment means?
a monthly periodic payment is a payment made each month at a specific time each month. This can either be a payment made to an individual such as an annuity payment, or a payment made from an individual such as a loan payment.
What is considered a late payment to the credit agency?
== == If you are in an agreement to make monthly payments, on the same day each month and the payment is NOT received by the lender on THAT day, you are "LATE' Continual late payments are considered a bad sign as it indicates that you are not managing your money very well. When you get more than ONE MONTH behind, that is a further black mark on your credit history.
