Legal Question in Credit and Debt Law in Texas

Late Car Payments

About how many days late on a car payment does one have to be in order for a typical lender or bank to repo a vehicle? Just an estimate on days? Thanks


Asked on 6/28/07, 1:44 pm

1 Answer from Attorneys
Sharon Campbell Sharon K. Campbell

Re: Late Car Payments

Legally, if you are one day late they can repossess. Most finance companies don't work quite that fast.

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Answered on 6/28/07, 4:04 pm


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