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∙ 15y ago
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If you have a voluntary car repo while you are in chapter 13 how does it appear on your credit report?
as a repo
If you do a voluntary repo and get another dealerships car will that hurt your credit as bad as not making any payments for a repossession?
A repo is a repo is a repo.
If a car is repossessed and the loan is paid in full and you get your car back do you still have a repo on your credit report?
IF the lender posts a repo on your CR, you have one. You will have the repo on your credit report, but it should also show up as "redeemed".
How long does a paid off car repo stay on your credit report?
7 years from the date of repo.
What does Florida law allow for collection of monies owed on a car repossession?
this question can form a wide range of answers it depends on if you are willing to pay on the repo car how ever the most they can do is put it on your credit and it can stay on there for 7 years it will show on your credit report as repo ..a large number of people never pay off a repo car even if you do pay on it to try and save your credit the fact still remain it was repo and it will show repo settlement
What do you do if a lienholder has put a repossession on your credit report without retrieving the car with the damage already done to your credit?
First question is, was there a repo? Was the car NOT worth repoing? The lender doesnt have to retrieve the car on any certain day. You still have the option of paying off the loan.
Can a repo company find your car through your credit report?
Yes. I find you, and there is your car too....
What happens to the credit that you already have if your car gets repo?
Your credit score is a numeric value based on the good credit history you have. All credit in good standing helps raise this number. 30,60,90 day lates charge offs, etc lower this score. A repo will lower your score... And may also effect the rate your other creditors charge you on things like revolving credit, credit cards...
If a car is repossessed and you pay the balance after they sell the car do they remove the Repo in your credit report?
Do they? NOT usually. CAN they?? yes, if you convince them to. reporting a repo is reporting a fact. The repo DID happen. They report the payoff. That is a fact also.
Will credit be affected by a co-signer of a car being voluntarily repo?
It shouldn't.
If they repo your car after one day late how does it appear on your credit report?
as a repossession
Where can you get a loan to buy back your car that was repossessed?
Mike, that depends on how great your credit is. A repo on your record is NOT going to help. Any interest rate you get will be HIGH because of your credit rating. With a decent down payment you can always get a ride at a buy-here-pay-here car lot. Good Luck
