CAR LOANS AND REPOs

iVillage Member
Registered: 06-15-2013
CAR LOANS AND REPOs
1
Sat, 06-15-2013 - 4:21pm

Hi,

Des anyone know how long a car loan must be delinquent before the lender repos?  The loan is with an AZ credit union.

Thanks

Community Leader
Registered: 03-17-2003
Thu, 06-20-2013 - 12:10pm

Hi Dctom.  Thanks for posting your question.  Every lender is different, but from what I have been told these accounts are turned over for repossession in about 90 days.  If you haven't talked with the lender, perhaps you can contact their collections department and see if you can make payment arrangements to catch up the note?