Does a finance Company have a right to repossess my car just for late payments?

Yes they can repo it if you break any part of the contract. There is no law that gives you 3 months..They can legally repo if you are 1.00 behind and 1 day late..Most finance companies will try to work with you unless you have been a problem acct. for the term that you have had it.

The finance companies are beginning to tighten up alot due to the amount of accts. in default..

Make the payments on time and you dont have to worry about it..Good Luck!

Does a finance Company have a right to repossess my car just for late payments?

That would depend on the terms of your loan.

Does a finance Company have a right to repossess my car just for late payments?

yes. you entered into a contract that specified that you will make payments at a specified time and in a specified manner or form. if you did not perform as you contracted to perform you are in violation of the terms of the contract and they have the right, by contract, to seek remedies that allow them to protect their investment.

Does a finance Company have a right to repossess my car just for late payments?

yes...you violated the contract when you did not make the payments.

Does a finance Company have a right to repossess my car just for late payments?

Yes, especially if it is in your contract. However, read the fine print. As they usually give you some type of a grace period, and some of them, notice I said %26quot;some%26quot; will work with you if you call them and let them know what is going on. :)

Does a finance Company have a right to repossess my car just for late payments?

yes if you are at least 3 months behind, they have the right to come and get the vehicle because you did not meet your end of the agreement.

Does a finance Company have a right to repossess my car just for late payments?

Absolutely, but the payments usually have to be pretty late, and they usually would only do it after many attempts to contact you and work something out. You%26#039;ll have to read the conditions on your loand.

Does a finance Company have a right to repossess my car just for late payments?

Yes. By being late on payment, you have violated the terms of your contract. You are in breach. The finance company then has the right to protect their investment by repossessing your car. Most banks or companies will give you three months before they take action to repossess your car, but there is nothing in the law to require that. So they can legally repossess your car if you are one day late. They also do not have to take your late payment. They can return the payment to you and repossess the car.

Does a finance Company have a right to repossess my car just for late payments?

As long as it%26#039;s in the contract, yes.

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Does a finance Company have a right to repossess my car just for late payments?

When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you%26#039;ve made the last loan payment or fully paid off your lease obligation. These rights are established by the signed contract and by state law. If your payments are late or you default on your contract in any way, your creditor may have the right to repossess your car.

Does a finance Company have a right to repossess my car just for late payments?

Yes.