Thursday, November 26th, 2009
Late payment?
madtown2306 asked:
Ok in the last 4 months I have made 3 late payments on my car which I have had for about 2 years never missed a payment and there only late by about 5 day’s would this be grounds for them to try and take the car back?
Ok in the last 4 months I have made 3 late payments on my car which I have had for about 2 years never missed a payment and there only late by about 5 day’s would this be grounds for them to try and take the car back?
Related posts:
- How much will one late payment affect my credit score? MK asked: There was a little mix up with...
- How late on a car payment can you be before they report to the credit bureau? Sissy asked: It will be 20-25 days late before...
- How many times can your payment be late at CarMax before they repo the car? Jesse C asked: My boyfriend has had his car...
- How should late payment fee and interest be calculated on late condo maintenance due? taifdad asked: Should the late payment fee and interest...
- Will a credit card payment that was 3 days late effect my credit score? emileegiles asked: My boyfriend is freaking about because his...
Related posts brought to you by Yet Another Related Posts Plugin.
November 27th, 2009 at 7:37 am
You would need to check your original lease agreement for full details, but as far as I know, they’re not going to try to repossess unless your late for AT LEAST 30 days, and that’s only if it’s financed by some shady back-alley loan shark.
What I’m certain of is that it doesn’t even get reported to a credit reporting agency unless it’s 30 days late. This applies to mortgage, credit cards, etc. etc.