The number of days that a payment can be late before a car is repossessed is usually stated on the loan documents. For instance, one agreement might state that the debtor is in default if the payment is one day late, whereas another may state that the debtor isn't in default if fewer than 30 days have passed.Know More
There are some loan agreements that state that the debtor first has to receive a notice that he is behind on his payment before the car can be repossessed. In the event that a creditor has accepted late payments in the past without mentioning repossession, or if the creditor altered the terms of the lease agreement, including the due date, then the debtor is legally allowed to use that as a defense if he decides to go to court.
There are specific laws that have to be followed whenever a car is repossessed. Creditors are not allowed to make threats, damage the vehicle or damage property in the process of repossessing the vehicle. A court order needs to be obtained before the car is repossessed if the debtor is a member of the military, as of 2014. Creditors are not legally allowed to sell any personal property left in the vehicle after it has been repossessed.Learn more in Law
Someone can calculate the number of days between the current date and his or her birthday by performing a couple of quick additions. Alternatively, one of the easiest ways to calculate the number of days is to use one of the simple online date calculators available on the Internet.Full Answer >
The answer to this is determined by the number of days in a woman?s cycle, according to the American Pregnancy Association. If a woman has a 21-day cycle and bleeds for seven days, then she could ovulate and become pregnant.Full Answer >
Alimony payments are based on the earning potential of the divorcing partners. Alimony is calculated so that both partners may maintain the lifestyle that was established during the marriage, according to DivorceNet. Payments are based on many factors including income.Full Answer >
Some states have laws that allow consumers to reinstate their car loans, essentially buying back the vehicle after it is repossessed, according to the Federal Trade Commission. To do so, the consumer must pay the past due payments and any additional fees caused by the repossession.Full Answer >