2007-03-27 12:52:40 · 6 answers · asked by alexis c 1 in Business & Finance ➔ Credit
You'll have to read the fine print in your purchase agreement. Some places will give you a missed payment (30 days). Some buy here, pay here places only let you get away with 7 days.
2007-03-27 12:59:19 · answer #1 · answered by Mariposa 7 · 0⤊ 0⤋
You shouldn't miss any but due to uncontrollable circumstances you are allowed to miss three they call you everyday for the first month and a half then they stop and they send your file over to like some claims people who will call you then on the third month they send the repo truck but if you call them and ask for an extension they can add your late payment onto your final payment most auto places will really work with you they want their money so they will try not to take the car they will try to help for as long as they can.
2007-03-27 13:00:15 · answer #2 · answered by luv11ride 1 · 0⤊ 0⤋
they usually start sending you late notices , final payment due , etc , and then a warning about repossessing the vehicle.
Repossession is often something they dont really want to do.
You are best sending a partial payement , or contacting the finance company if you know you cant pay the bill .
I would expect a repo if you are more than 6 payments late, it depends on the company. If you dont reply to letters and attempt to sort something out , expect an early repo. They wont want to take the chance on it disappearing .
2007-03-27 13:11:57 · answer #3 · answered by mark 6 · 0⤊ 0⤋
it may be ideal to enable them to renowned what your intentions are as quickly as possible or you may awaken and discover your motor vehicle long previous. You singed papers promising to pay a definite volume on a definite day so technically, the day your first charge exchange into late, that they had the ideal to take the motor vehicle lower back. maximum banks provides you with slightly slack and how lots relies upon on the financial organization. What many times accelerates the repo technique is whilst they might't arise with you to work out what is going on.
2016-12-08 12:49:40 · answer #4 · answered by ? 4 · 0⤊ 0⤋
They can after one missed payment, but usually it takes about 3 missed payments.
2007-03-27 13:07:59 · answer #5 · answered by First Lady 7 · 0⤊ 0⤋
Three, but just keep in mind that you are asking how long you have before they confiscate your car AFTER you have already RUINED what is left of your FICO score.
If you think you are playing the system, the system is already playing you.
2007-03-27 14:06:32 · answer #6 · answered by DaMan 5 · 0⤊ 0⤋