ANSWERS: 3
  • What are the terms of the contract that was signed? Does the contract make provisions for late payments?
  • Judging by what you said - you never get more than a month behind Repo seems unlikely. Penalties very likely This answer is NOT guaranteed accurate
  • "Can"? Yes, there are circumstances that could lead to that. Likely? I really don't think so. Normally lending institutions are more interested in receiving money than trying to take a car the MIGHT be able to sell for what you owe. Call them, try to work it out, and make your payments on time. If you still have the car the situation is not irrevocable.

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