Posted on: 20th Sep, 2009 12:10 pm
I stop pay the boat for 3 month can the bank can take with out notice
Probably they would send you notice to pay, any tell you tehy wll pick up the boad if not paid, but you shoudl get some type communication
Hi glogonz,
The bank can repossess your boat without informing you, if you default on your loan. This often happens with cars, boats etc. However, the creditors generally send you notice of default and inform you of a possible repossession. But it is not always necessary for them to send you notice before repossessing your boat or car.
The bank can repossess your boat without informing you, if you default on your loan. This often happens with cars, boats etc. However, the creditors generally send you notice of default and inform you of a possible repossession. But it is not always necessary for them to send you notice before repossessing your boat or car.