I missed my payment on my jeep and they repoed my other car. Can they do that
When it gets to your CR, a repo is a repo is a repo. Theres only one.
It differs by states. Some aloow 10 days ,some until the lender makes a sale on the repo. Check with a local attorney.
Legally, your car could be reposessed after one missed payment. The terms of your contract cover default. Most will not repo your car after just one missed payment, but they could. I would certainly suggest attempting to work something out with the bank.
2 payment
The only way her vehicle can become repossesed is if she missed a payment.
Yes they can.
Non-payment of loan.
Not making the entire payment is still a default on payment. You will be charged the late fee and you will need to make it right with the bank or they will start the process of repo.
I suppose in theory they could depending on what the loan terms are, but I would say it would have to be a pretty unethical establishment to do that. Typically it's two missed payments. Get that payment in on time!
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
no they can't