Legal Question in Credit and Debt Law in California
can a finance company reposs a car when payments are 2 months behind?
3 Answers from Attorneys
You need to go back and read your loan documents - you'll find that they can repossess in most cases even before you get two months behind.
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Yes. They can clearly repossess you at this time.
Anytime after you are one month behind on the payments your car can be repossessed. Usually the bank waits at least three months but they are getting more aggressive recently.