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Depending on how many payments your behind. If you are behind a great margin I think they would to try to make back the money lost but if you're one or two payments behind they will give you a chance to catch up and if you fail to make any payments after they contact you they will sell.
no more than 2 payments
Its usually 3 months when the bank starts the paperwork and harrassing you to make payments
Credit Line payments are payments that you make monthly on a line of credit that you have with your local bank. Many line of credits are based on the equity in your home, but they usually charge much lower rates than a traditional bank loan.
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.
One can get help with mortgage payments at many national banks. Such banks include First National Bank, RBC (Royal Bank of Canada), Amarillo, Woodforest, MNB Bank and Trustmark.
You absolutely can trade in your vehicle even if you are behind on your payments. When you trade a vehicle in the dealership you are purchasing from pays off your previous loan in full, so being behind on your payments will not affect anything other than the total amount due on your car. Of course when the new dealership runs your credit report it will probably reflect that you are currently behind and will also show how many months you are behind.
It depends on the bank but generally one missed payment is enough to call the cosigner
Usually 3 payments does it - but that is up to the lender. - Don't just let it happen ! - Go to them, try to work out a solution. It often works,
Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.