It depends on the terms of the contract. Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.
Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.
Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.
If you do not want your car repossessed, then you need to keep up with the payments on your car. If you are behind on payments, then your car could be taken away from you legally.
Yes, generally. You should certainly know if you are behind on your loans.
First off it is not your car. The car belongs to the lender until you pay for it. Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.
Typically when it comes to car repossession, a customer has to worry about their car being taken when they have missed three payments. Sometimes repossession can be held off by just contacting the company and reassuring them they will get their money.
Behind AZ
A bank can repossess a car at any time the loan has defaulted. Many times a bank will wait until a payment is 2 to 3 months behind before repossession.
The repossession laws will vary with each city/state. A title loan company can't repo a car if the payment is not yet due unless the car is behind on payments.
Pay the money. You don't have to be contacted about the repossession; you are aware of the terms of your loan in your contract. If you're behind, pay what you owe so you can get the vehicle back. * The amount owed is not relevant. The following states require "right to cure" notification before repossession action can be taken: Colorado, Connecticut, Iowa, Louisiana, Maine, Massachuetts, Missouri, South Carolina and West Virginia and Wisconsin (replevin order required).
Arizona is behind UK time, however it is the only state that stays the same time and does not adhere to dlst. -7