0
Does the 7 years on your credit report start from the date of repossession or when you finally finish paying the balance?
Wiki User
∙ 8y ago
Did the lender get a JUDGEMENT? What state are you in? The 7 yr. part is a fed law that a JUDGEMENT must be removed from your CR 7 yrs. from the date of judgement. As part of (and BEFORE) the payoff, try to negotiate with the lender to remove the repo from your CR. email me if you need more info. PS Congratulations on paying the car off. You are likely one in 100000 who do so. My compliments to you.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
What happens if you pay as much as you can on credit cards but it is not the minimum?
If you are paying less than the minimum, then you risk all sorts of fees imposed by the credit card companies. If you cannot afford the minimum, call them up and ask for a lower minimum, interest rate, and see what deal they can work out for you. They just need to know that you will not completely ignore your debt and that you plan to pay. Note about credit card companies: They love it when you don't pay off your cards, they make a load of money off interest and fees. The rule of 72 would be an interesting thing for you to learn. Take your interest rate and divide into 72, that is how long it will take the credit card companies to double their money off your credit card balance. For example; lets say you have a $5000 balance and your interest rate is 12%. Your balance will double in 6 years if the balance stays at $5000. Making only minimum payments barely chips away the balance, you are paying mostly interest with a couple of dollars towards the principle. Word to the wise: get credit counceling and get out of debt any way you can. Consolidate your bills, but don't use a credit consolidator (they charge money and can hurt your credit - even though they say they don't). Final advice: Read "Smart Couples Finish Rich" or "Smart Women Finish Rich" by David Bach. You can learn to pay off debt and save for retirement at the same time.
Can you get approved for credit online if you have bad credit?
In general, no, you can't get approved for traditional credit online if you have a bad credit history. You may, however, be approved online by a payday lender (in some cases, you will need to prove that you are employed and provide paycheck stubs in order to finish the process).
When you finish your car loan how will this effect your credit?
FINISHING A CAR LOAN : PAYING OFF A CAR LOAN OR COMPLETING YOUR PAYMENT OBLIGATION TO A LENDER IS A PLUS ON YOUR CREDIT , IT MAY NOT RAISE UR CREDIT SCORE RIGHT AWAY BUT IT WILL HELP YOU WHEN U APPLY FOR CREDIT ELSEWHERE OR BUYING ANOTHER CAR ,, LENDERS LIKE TO SEE THAT...........
Will it help your credit if you dismiss your Chapter 13 bankruptcy and start making payments to your creditors?
No, it will probably hurt your credit. The Chapter 13 is on your credit report for 7 years from the date the Order for Relief is entered, which is the day the case is filed. So, even if you dismiss it the credit hit from the 13 has already appeared on your credit (a 75 to 150 point drop). And, if you dismiss it, then all the creditors included in it suddenly come back to life and would start billing you, making your debt to income ratio worse. And, if you fail to pay them, then the late payments would make your credit even lower. Once a 13 is filed, it's best - creditwise - to finish it.
Can you get a legitimate business loan with bad credit on the internet?
If you have bad credit already, adding to your indebtedness may be like going from the frying pan into the fire. If you find an Internet loan at a decent rate (high rates will surely finish you off), investigate the company and definitely get legal or accounting advice on the contract before signing.
Do you have to finish payments after your car is reposessed?
You have to pay off the debt. The car itself will take car of part of that when the lienholder sells it at auction. You'll have to make up the difference between what it sold for and what you still owed (and you'll have to pay for the repossession expenses also). If by some miracle the car sold for more than the debt and the repossession expenses, then you should get a check back for the balance. However, how they'll handle this is almost certainly not by having you "finish payments". Call the lienholder and find out what they want you to do.
What is the opposite of finally finish?
newly started
How do you get into balance school wizard101?
you finish the sun pyramid and then you find a ladder by the kroctospinx and find the balance school
What is the base word for Finally?
the base word is Finish.
What is a phrase that can help you remember how to shoot a basketball?
Alignment, balance, finish
Were do you get the hydra pet in wizard101?
You Have To Finish The Level 48 Balance Quest
Where will the storm finally finish and when?
2011 or 2012 maybe austrailia or england
What happens if you pay as much as you can on credit cards but it is not the minimum?
If you are paying less than the minimum, then you risk all sorts of fees imposed by the credit card companies. If you cannot afford the minimum, call them up and ask for a lower minimum, interest rate, and see what deal they can work out for you. They just need to know that you will not completely ignore your debt and that you plan to pay. Note about credit card companies: They love it when you don't pay off your cards, they make a load of money off interest and fees. The rule of 72 would be an interesting thing for you to learn. Take your interest rate and divide into 72, that is how long it will take the credit card companies to double their money off your credit card balance. For example; lets say you have a $5000 balance and your interest rate is 12%. Your balance will double in 6 years if the balance stays at $5000. Making only minimum payments barely chips away the balance, you are paying mostly interest with a couple of dollars towards the principle. Word to the wise: get credit counceling and get out of debt any way you can. Consolidate your bills, but don't use a credit consolidator (they charge money and can hurt your credit - even though they say they don't). Final advice: Read "Smart Couples Finish Rich" or "Smart Women Finish Rich" by David Bach. You can learn to pay off debt and save for retirement at the same time.
Is the time will finish finally?
Sure. The time for every creature of God (Allah in Arabic), including the universe, will finish at a point that only God knows.
How long does it take to finish my undergradute if i have 46 credit hour?
It will take approximately two and a half years depending on the credit load carried per semester.
What is the perfect balance cheat in Tony Hawk Pro Skater 3?
There is no cheat for perfect balance in Tony Hawk Pro Skater 3. You much go into Career mode and finish it. Once career mode is completed perfect balance will be unlocked.
What is a simple routine for balance beam?
flip, flip, twirl on 1 foot, walk, walk, turn, flip, finish
