How late can payments be before a car is repossessed?

Answer A creditor can repossess a vehicle as soon as the consumer defaults on the contract agreement. Failing to make one installment payment on time, for example, may constitute default. Refer to the ori... Read More »

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How many mortgage payments can be missed before a home is repossessed in Michigan?

The Michigan State Housing Development Authority reports that the process of foreclosure and repossession begins after the first missed payment. The foreclosure process is accelerated after 90 days... Read More »

What If I Am Late on My Chapter 13 Payments?

Chapter 13 bankruptcy consists of a debtor creating a payment plan for his debts. The debtor must submit monthly payments to a bankruptcy trustee for the duration of the bankruptcy case. The truste... Read More »

Are late car payments illegal?

Late car payments are not illegal because no crime was committed, but your lender has the right to repossess the automobile. The lender sells the car and applies the amount to your loan. If money i... Read More »

How to Handle Late Car Payments?

This article provides some of the most important things that car loan and bad credit car loan holders should do in the event that they have incurred late payments. This could help them handle the s... Read More »