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Car take back payment time


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What happens if you don't make your car payments on time?

If you have a solid history of on-time payments with the lender, you might be given the opportunity to catch up within a reasonable period of time. If, however, you have a record of late car payments, the lender may view you as a high risk for default and choose to act more quickly.

Can you return a car after a few days for refund?

In other states, dealers make the call if a consumer can return a car after a few days for a refund. Before you purchase any vehicle from a dealer, ask about the return policy, get it in writing, and read all your documents carefully. Look for dealers that offer money-back guarantees or even “no questions asked” return policies.

What happens if my car loan payment is late?

If your car loan payment is more than 30 days late, your lender might have to report it to the major credit bureaus. That means you’ll lose a few points on your credit score. If you want to preserve an excellent credit score or are working on improving your credit score, making your car payments on time is crucial.



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