How long does a company have to collect on reposed car?

There is no one-size-fits-all answer to this question, as the length of time a company has to collect on a repossessed car can vary depending on the state in which the vehicle was repossessed. In some states, companies have as little as 10 days to collect on a repossessed car, while in other states they may have up to 90 days. The best way to find out how long a company has to collect on a repossessed car in your state is to contact your local consumer protection agency.