Will I get a warning before car repo?

[thx4help]

Hello,

I have missed two car payments so far, and all I ever got was a call from the bank asking for the payment, I told them I lost my job and won't be able to pay until I get a new job, and they just said "ok, please try to send the payment in as soon as possible".

If they decide to repo my car, will I first get some sort of a letter in the mail warning me that they will repo my car unless I pay up? Or can they do it just any day without any warning that they are planning to repo?

I'm starting to get a little paranoid whenever I leave my car unattended. The loan is through Fifth Third Bank.

[keepmine]

No, they'll give no warning. They don't want you to hide the car from them.

[southernbelle]

No warning. In fact, that's why it's usually done in the middle of the night. They actually want to find the car and anywhere they think they can get it, that's where they'll try to repo it.

[Cali]

But wouldn't it take more than 2 missed payments for them to repo it?

[Flamingo]

They can repo a car after the first missed payment; however, the norm is usually after the second payment but you never know when they can come. Once a payment is missed, there is breach of contract and all terms as to what the creditor can do after that time is listed on all the loan paperwork you signed and copies provided to you when you took out the loan.

[cool33097]

I missed 4 payments and the car is still on my driveway. I actually want them to come and get so I can cancel my insurance. My atty does not want me to call them and ask to come and get it.

[Crainial Access]

I recieved a hand written form in my mailbox from a repo company requesting that I contact them...never did...they picked up my truck a few weeks later on a sat morning.....cost me much$$$ in fees to get it back.....now crammed down in my chapt 13

[Cali]

How many payments were you behind?

I recieved a hand written form in my mailbox from a repo company requesting that I contact them...never did...they picked up my truck a few weeks later on a sat morning.....cost me much$$$ in fees to get it back.....now crammed down in my chapt 13

[Crainial Access]

2 payments........but a few lates prior to that

[Cali]

Ok.

I just missed my first payment on one vehicle and no lates.

2 payments........but a few lates prior to that

[dragonnfly]

We were 3 payments behind and they still handn't tried to come and get it we filed when it was 3 months and 8 days late. I too would like them to come and get it but we are waiting until after our 341 also. Can't afford to drive it. Gas too high.....so sad Im driving my daughter 32mpg car.

[c2thaysko]

same as me now i miss one payment an they said there coming to take my car.but hope they don't catch me.

[magyar123]

Don't know if creditors are legally obligated to warn you in advance, but if they don't - and all of a sudden you don't see your car in front of your house report it to the police as the car having been stolen.

[Never_Again]

Generally, any repossession people who are picking up a vehicle will sign in at the police station, just in case the vehicle is reported stolen. The person at the police station checks the list, and you will find out.

A sure fire way to get plenty of warning is to put it in a garage, if you have one. They can not enter your residence or a closed garage to repossess a vehicle without your permission, or without a court order.

[Dollar Bill]

Cool33097....I would cancel my insurance if I were surrendering the car.

I'm not sure why your atty wants you to keep the ins on it.

In a previous post, I was informed that the finance company would have to request to lift the stay before they could come out and repo. Does anyine know if it's true or not?