How long does the repossession process take for a car
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Car repossession loopholes...
What happens to the debt when a car is repossessed
If you’re facing a car repossession, you’re probably feeling confused, afraid, angry or all of the above. It’s a situation that just plain sucks, especially if you depend on your car to go to work, pick up your kids, or get groceries.
A car repossession is rough, but you can get through it. We’re going to walk you through how car repossession works and how to deal with it—as well as how to avoid having your car repossessed in the first place.
What Is Car Repossession?
How Car Repossession Works
What to Do if Your Car Is Repossessed
Can You Hide Your Car to Keep It From Being Repossessed?
How Car Repossession Affects Your Credit
How to Avoid Car Repossession
What Is Car Repossession?
A car repossession is when you default on a car loan (meaning you don’t pay your payments on time) so the lender takes your car and sells it at auction.
Generally, your car can be repossessed after 90 days of no payments, but the exact timeline is up to the lender and local law.
In some states, your car could get repossessed just for not havin
- how soon can a car be repossessed
- how long before your car gets repossessed