90, but don't push your luck. If you can't afford your car, your best option is to contact whoever financed it and explain your dilema. They want your money, not your car, so they will attempt to work with you. Ignoring them is alot like car theft. I would say 30-45 days 90 is pushing it.
Repossession can happen any time after a payment goes late; it all depends what the initial contract states.
I am a repossession agent in Virginia it takes 2-3 months of not paying before the repossession status occurs.AnswerI am a repossession agent in Virginia it takes 1 missed payment then repossession status occurs.
The number of days a payment must be late before repossession can occur varies by state and contract. Typically, it ranges from 30 to 60 days past due. It is important to review the specific terms of your contract and familiarize yourself with the laws in your state regarding repossession.
The lender can legally take the vehicle one day after the payment is due. That is, on the day the payment is late, the lender can begin repossession efforts. The day the payment is late, the contract is void.
60 days
Answering "How many times can you be late for a car payment before it is reposessed?" by law they can repossess your car when your 1 day late- there is no law against that! However, your best option, would be to contact CAR HELP USA. They stop repossession, get your payments up to date, lower interest rates, lower your monthly auto bill, help with repossession, and so on. They helped me get a car back from repossession in the past! Do something before the problem just gets worse.
can you repossess a car for non payment of late fees even though the initial payment has been made in Colorado
Well??? DO you owe a late charge from the month before? IF NOT, call a local attorney ASAP for state/case specific advice. Very Simple. Tote-a-note car dealers make GOOD money by repoing cars ASAP when late.
http://www.NationalScoreIndex.com. Overall, the study found that: * The average Experian PLUS(SM) Score for consumers with no late auto payments is 689 versus 596 for consumers with at least one late auto payment. When a payment is late by 90 or more days, the average score dropped to 574. * 1.5 percent of consumers who have an auto have a repossession noted on their credit file. The average credit score for those with a repossession dropped even further to 566. The states with the highest repossession rate are Arizona, New Mexico, Texas, South Carolina and Nevada.
Legally? One day. Some loan agreements will have a late payment period that might be ten days. Read your contract for specifics.
take a look at your contract, I've heard you can only be 1 day late. Also keep in mind that you can only be late 2 times or they come and get your car.If You're Behind On Your Car Payment, Facing Auto Repossession "Repo", Trying To Sell Your Car, No Title... CAR DEBT SOLUTIONS WILL BUY YOUR CAR TODAY!! Don't Wait Until It's Too Late and Your Car Get Taken Call Us and We Will Buy it Today For Cash...
This will depend on the lender and your past payment history. Some will start a lot sooner than others. In my area they start moving typically after a 60 day late. Almost all of them are started by 90 days late.