Legal Question in Credit and Debt Law in Georgia

Repo

how late do you have to be on car payment before repo action taken ?


Asked on 1/07/05, 9:35 pm

2 Answers from Attorneys
Phillip A. Strickland Law Offices

Re: Repo

I would consult your purchase agreement for specific details. Generally, you must be in default under the loan before they have the authority to repo your car. A more detailed answer would require more information on your part. Best of luck. PAS

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Answered on 1/08/05, 4:49 pm
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

Re: Repo

Unless your contract gives a grace period, one second late.

Most lenders won't act for several months, although some are far faster - especially buy here pay here places.

Legally late is late, no matter how slight.

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Answered on 1/07/05, 9:57 pm


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