You can be one minute past midnight late and your car can be repossessed.
A Bank does not have to give any breaks to anyone for anything.
They do it as a courtesy You need to get it out of your head that you can be one payment behind and not get popped..
April 1 payment date means April 1 not April 2nd
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two
3 payments
60 days
if you are behind on payments then yes they can
Depends on the lender. Legally, one!
ONE day.
The repo man will tell you that, but no it is not true.
Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.
ABSOLUTELY
As soon as you have defaulted on the loan, a creditor can repossess your car. So 24 hours after you have failed to pay, they can repossess your vehicle without notifying you.
If "you" are the lienholder then yes. If you're not the lienholder or their authorized agent (e.g. a repo man working for them), then no.
As long as you are in default, they can repo. Try to catch up the month behind. Send $5.00-10.00, whatever.