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car payments and repo

Usually, when you stop making your loan payment on a car loan that is through a bank, how long does it take before they repo the vehicle, do they call you first?

Posted from: New Brunswick

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One Response to “car payments and repo”

Barton Goth – Goth & Company Inc. – Bankruptcy Trustees said...

This really varies from situation to situation. I have seen it happen in a couple of weeks, I have seen it take 6 months. It partially depends on your previous payment history, how concerned the bank is or even how diligent the person handling your account is.