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If they repossessed it as part of the bankruptcy (and you didn't get it back), probably yes. However, the bankruptcy itself is a bigger black mark than the repo, especially since it can stay on your credit report longer (up to 10 years after filing, though some bureaus remove Chapter 13 after 7 years; repos only stay for 7 years).

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Q: Can a lender report repossession of a discharged auto?
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Can auto repossession be negotiated?

The company repossessing the car has no authority to negotiate terms with you. They are simply there to repossess the car. You must negotiate with your lender. Hopefully, you will do this before the the repossession order is submitted by the lender.


Can you reinstate an auto loan after repossession in the state of Washington?

If the lender agrees, yes. The matter is entirely up to the lender because the borrower is in default.


What is an auto loan charge off?

When a customer is unable to pay of the auto loan the lender will repo the car, sell it, and charge off the remaining amount due to the customer. The exact amount charged off may vary depending on the lender. In the case of a repossession, unless it is a Bankruptcy, the remaining balance is DUE BY THE CUSTOMER. It is important to note, in the case of a bankruptcy, any money that is discharged through the bankruptcy can, at anytime, actually be paid back to the creditor and that negative report will be taken off of your credit report. If someone finally gets into the position that they can actually pay a debt off, it is better to do so.


What does charged off mean on a auto repossession?

It means the lender wrote off the interest they DIDNT get from the debtor. Its just an accounting term.


How long does an auto repossession and a home foreclosure after stay on your credit report?

NOTICE OF DROPPING PARTY DEFENDANT


Can you be arrested if the auto lender comes to repo the car and you dont have it?

Not at the time the lender seeks repossession of the vehicle, but if it is found that fraud has been committed (vehicle hidden, sold, etc.) them criminal charges could be applicable.


What happens if you conceal a car on repossession in Florida?

Concealment of a car up for repossession in Florida is a felony. You can be charged with hindering a lender in repossessing a vehicle, or even grand theft auto. Additionally, the state of Florida will not permit you to register any vehicle in your name if you have an active repossession against you.


Is it illegal to conceal a car from repossession in Florida?

Concealment of a car up for repossession in Florida is a felony. You can be charged with hindering a lender in repossessing a vehicle, or even grand theft auto. Additionally, the state of Florida will not permit you to register any vehicle in your name if you have an active repossession against you.


What do you do if your car got repossessed when it wasnt supposed to?

If it truly was a wrongful repossession, call local law enforcement and report the vehicle stolen. If they notify you that it was repossessed, inform them that it was a wrongful repossession. Next, contact the lender and demand politlely that they notify the repossession agency that the vehicle was wrongfully repossessed. You might even, still politely, suggest some sort of compensation for you inconvience. Also ask for the contact number of the repossession agency. Call them and notify them also of the wrongful repossession. Suggest also to them some sort of compensation for your incovenience. Vehicles that are wrongfully repoed must be returned as soon as possible and in the same condition as when taken. If there is damage, the lender and the repossession agency are liable. If you are not satisfied with how quickly your vehicle is being returned, push the auto theft charges.


Do you receive notification before auto repossession?

You will receive notices that your payments have not been received, making your auto subject to repossession, but you will not receive a date and time of the repossession.


Will a voluntary auto repossession still show on your credit reports after Chapter 7 is discharged?

Most likely. They are two separate issues.AnswerYes. It will show that you no longer owe the debt, as well. AnswerIt MAY show up, however, if the debt for the vehicle was discharged in bankruptcy, it cannot be reported. There can be no negative reporting on a discharged debt - not even for a voluntary repo. If the vehicle was surrendered as part of the bankruptcy, the loan should show as a ZERO balance, no past dues, and 'included in bankruptcy' on your credit report.


What should you do if your uncle is hiding a vehicle in your garage to avoid repossession?

Contact the lender and make arrangements for them to secure it. If it is discovered that you are assisting in hindering repossession, or when the vehicle is found to be in your possession, you could be criminally charged. This could vary from accessory to a felonious act to as serous as grand theft auto.