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Good morning. Can you please share with me a little more about the situation? I understand you are close to two months past due but no really clear about the other language
Thank you. The money owed to the dealer, as part of the car loan, needs to be paid. If you did not pay what was owed, then the balance is past due and needs to be paid ASAP. It does NOT mean you have 58 days to pay and it DOES mean that if you do not pay it, that it will be sent to collections and the vehicle would be at risk for repossession. With that being said, you want to make payment immediately, to avoid any problems.
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Yes, they can, if money is due and owed on the car. While you are certainly acting in good faith and trying to work this out with them, they do not have to accept anything less then what is owed and do not have to agree on a payment plan. They could repossess the car if payments are past due. Generally, your creditor has legal authority to seize your car as soon as you default on your loan. Once you are in default, your creditor may repossess your car at any time without prior notice and may come onto your property to do so.
I just wanted to follow up and see if you had any other questions or needed me to clarify something. I am here to help, so please let me know. Thanks!