I got a loan for my trailor, I was wondering how many payments behind do you have to be before they come and reposess my trailor?

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Originally Posted by Amanda1986

I got a loan for my trailor, i was wondering how many payments behind do you have to be before they come and reposess my trailor?

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Legally they can repossess as soon as you are behind and out of the grace period -

Will they? Probably not. I've seen repossession on 3 payments behind and I've seen some go to 6.

Whenever the lender gets the feeling you are not going to pay and can't make an arrangement they'll make their move.