payment late?? then its NOT on time and in DEFAULT. WHAT is not stated in the contract??? No lender is going to repo a car when only one payment is 3 days late. If you have made all the payments on time and you are only 3 days late, and they repossed your car, you need to contact the lender and see what is going on. Something is not right here.
what if your 3-Month or more late in car payment will the lender still accepeted a payment
yes
Legally, ONE.Actual practice?? 3-60
No this is a bogus fee.Don't pay it ask for a reciept for what they are trying to charge you for.
When you co-sign for a vehicle, you are responsible for payment if the owner does not pay. When I was 21, I was less than a week late on my car payment, for which an ex-boyfriend has graciously co-signed for, and he got a notice in the mail within the first seven days of my payment due date. Call the lender and find out immediately what steps you should take in the situation.
YES, anytime you are in DEFAULT, the lender can repo. Tote-a -note lots are famous for 3 days late repos.
You pay the LENDER what you are behind and the repo fee and go get it.
Yes, 3% simple
yes
3 months
A late payment can be removed from your credit report. Any information you believe to be erroneous or inaccurate can be disputed with the 3 major credit bureaus and if that information is not verified, it must be removed.