Legal Question in Credit and Debt Law in Illinois
Auto repo
What is considered a reasonable about of lates to have a car reposessed? Ford is trying to take the care after 42 days late. Is this reasonable? We have had a large loss in income over the past year and I am currently unemployed.
Asked on 12/10/08, 12:18 pm
1 Answer from Attorneys
Motty Stone
Law Offices of Motty Stone
Re: Auto repo
Depends on the terms of your contract. 42 days is rather aggressive, but that does not necessarily make it unreasonable. Good luck.
Answered on 12/11/08, 1:14 pm