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If you mean how late do you have to be to get repossessed:
Usually 3 months if you are financed through a bank or credit union and 1 week
if you are financed through a buy-here pay-here.
The banks prefer their money. They don't want to deal with reselling a car. The buy-her pay-here's get to keep your money that you already paid, then turn around and resell your car for almost what you paid. They can do this as many time as they want, as long as people get behind. Anyone who has a car loan
will fall behind at least one time in their 3-to-5 year contract.
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∙ 12y ago
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What are the laws on Repossession breaking and entering?
That depends on the country in which you live and you have not told us that.
What are the laws in the state of Texas regarding car repossessions and wage garnishment for a repossession?
Can a repo man bust a chain and lock to your gate to gain access to your property for reposesion of your vehicle. I live in Texas.
What is the legal age in Kentucky to be emancipated?
Kentucky has no emancipation laws. You are considered an adult at age 18.
What are the laws of repossession in OH?
its not the laws of Ohio. its the laws of each town or city. i repo in Ohio and it varies everywhere you go.... email and I'll try to answer your questions or find them out, rapidrecoverysolutions04@yahoo.com
What do I do Vechile repossession Miami fl?
contact the company and pay what you need to to get the car back or they will keep the car and you can probably get your stuff out of it
What are car repossession laws in Missouri regarding notification to auction a vehicle?
what are the legalities of voluntary vehicle repossession
What are ny state car repossession laws?
If my car is repoed and the car is not worth as much as I owe am I responsible to pay the differance?
If you purchased a car in Delaware and moved to Texas what are the laws for repossession?
The legal remedy for vehicle repossession is covered by UCC laws. Regardless of where the lender is located the car can be repossessed under the laws of the state where it was purchased or where it is now located, whichever means is most advantageous to the lender.
Kentucky auto repossession laws?
1 day 1 cent late...it can be taken. However, many lenders are much more forgiving.
Which repossession laws apply when a car is purchased and registered in Nevada but the finance company is based in Arizona?
It isn't relevant as both states allow repossession of a vehicle under UCC laws (without a breach of peace).
What are the car repossession laws in Ohio?
In the state of Ohio, your car may be repossessed if you miss one payment. Your car may be taken any time of the day or night by the repossession company. The repossession company is not allowed to keep any items that you may have left in the car. The company must inform you as to what they are going to do with the car, including selling it, putting it in a car auction, or keeping it.
Where do you get car repossossion permit?
who is allow to do Vehichle/car repossession? when is a vehichle/car repossession not allowed? whats the minimum insurance needed for car repossession?
How do you write a car repossession letter?
How do you write a car repossession letter?
What are the repossession laws concerning a title loan company and are they able torepossess a vehicle 2 weeks BEFORE the first payment is due?
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.
Is notification of a car repossession required in the state of California?
Yes, I think it is. We have so many laws concerning things like that.
Is concealing a car from repossession a felony in Georgia?
is concealing a car from repossession a felony in georgia?
Can a collector garnish your wages in Georgia for a car repossession?
Yes, after due process is followed in accordance with the laws of the state.
