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    Amanda1986's Avatar
    Amanda1986 Posts: 1, Reputation: 1
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    #1

    Feb 29, 2008, 08:22 AM
    Loan reposessions
    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?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Feb 29, 2008, 08:47 AM
    Quote 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?

    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.
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