Sunday, May 23, 2010

What happens if you miss a payment on a repo account?

I have made all payments on time for the past 2 years. Will they put a late fee? Double the payment due next time? It is with Honda (National Recovery)
What happens if you miss a payment on a repo account?
If it's already in a repo account, they've already gave you a second chance.


Chances are they will repo the car.





Repo is bad. They will sell the car at auction for whatever they can get for it and then sue you for the balance.

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