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How late on payments do you have to be before your car can be repoed in Kentucky?
Wiki User
∙ 13y ago
One day. Typically it takes the lender a week or more, usually a month before they send out the order of repossession. If you are trying to figure out the float on how long it is safe to be delinquent, don't bother. Once you have gone into repossession, the lender can still have your vehicle picked up, even if you pay current. You breached a contract, the penalty of that is the surrender of the secured property, the car. Do what you have to to pay the note, or be honorable and surrender the vehicle.
Wiki User
∙ 13y ago
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How late can you be before a car is repoed?
3 months
How late on payments do you have to be before your car can be repoed in Arizona?
Depends on your finance agreement. Most say that after you miss a payment it can be repo'd. There really is no state mandated time limit before repossession can occur. Best thing to do is make your payments and that way you don't have to worry about it.
Can a vehicle be repossessed because the payment is 15 days late after 4 years of payments and only 3000 dollars owed?
If you are in DEFAULT of the contract, the collateral can be repoed.
Does a lender have to notifiy the cosigner of late payments?
NOPE! sadly they don't even have to tell you they repoed or are going to repo. the unit. This includes houses, Good rule, DO NOT COSIGN.
Can you be repod for being a week late?
no u can not be repoed a week late must be a 20 days or more
How many days late on car payments before it is repo?
60 days
Will your car be repoed after 30days late?
That depends on the terms set forth by your finance company.
Can your car be repossessed if the payment is two weeks late?
READ your contract. If you are in DEFAULT of the terms, you can get repoed.
If a mortgage payment is 20 days late will that be reported to the credit bureaus?
Generally, late payments over 30 days late are reported to a credit reporting agency. After that, late mortgage payments can become "missed" mortgage payments. And missed payments can affect your credit score in a negative way. However, your exact late payment will depend on how your specific mortgage lender reports payments to the credit bureaus.
How many late payments before they can reposses your car in California?
by law they can repossess your car if you are 1 day late. However, your best option is to get professional help.
After a chapter 7 bankruptcy can mortgages report late payments?
Yes, late payments on mortgages can be reported. The chapter 7 discharges all unsecured debts, except for student loans, child support and certain taxes, and any balance due on secured debt after the collateral has been surrendered and sold. If you reaffirmed the mortgage and failed to make payments during or after the chapter 7, that can be reported. Late payments can also be reported. Many states prevent penalties for late payments if the payment is made within a certain number of days, but they can still be reported as late if not made on or before the due date.
How many times can you be late on payments before the car is repossed in Maryland?
ANY LENDER, by law, can reposses your car if your 1 day past due! There is no stopping them. You need to act fast before it is too late.
