Can a finace company repo you rcar if you are not 30 days belatedly on your compensation?



Answers:    Auto finance is what I do for a living and it all depends on whats within their terms and conditions.

Most major lenders do not even start repossession proceedings until culture are 90-days past due, but if the terms and conditions state otherwise they can do doesn`t matter what they want.
Finance companies don't want your car, they want money. Typically they wont even consider it until you are 90+ days behind. The one highest exception I have seen is if you are file bankruptcy, then they exercise their self-help option and move forward with repossession, more to protect their interests and an attempt to get a ruin filer to reaffirm the debt.
More question :
Credit FAQ


Copyright 2009-2012 Credit12345.com All Rights reserved.     Contact us