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If you must voluntarily have your car repossessed due to an upside down loan what effects will this have on trying to get a home loan in two years?
Wiki User
∙ 8y ago
Carly, it can affect what interest rate you pay(HIGHER THAN NORMAL), how much you have to pay down to even get a loan. It is NOT a positive thing to have on your CR.
Wiki User
∙ 8y ago
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What happen if you can not pay your car loan?
When you don't make regular payments, your car will repossessed. Now if you had an upside down loan, you will still owe the lender.
If your car was repossessed in 1996 can the loan company put it back on your credit report in 2003?
Call a local attorney for state/case specific advice. Contact the credit reporting agency Yes if they are trying to collect what the Upside down difference was from Repo-ing it and auction off price. It should only read that it's a Debt being collected from previous car....
GRANT FROM OBAMA FOR MORTGAGE'S UPSIDE DOWN AND HOMESTEAD SENIOR CITIZEN ?
GRANT FROM OBAMA FOR MORTGAGE UPSIDE DOWN AND HOMESTEADED SENIOR CITIZEN
How is an upside down image formed?
it is convex
Can you refinance if your loan is upside down?
turn it right side up stupid, everyone knows that.
Does bankruptcy cover the amount you are upside down on a vehicle after it has been repossessed in Colorado?
It can.
What are effects of tsunami on different life forms?
upside down
What happen if you can not pay your car loan?
When you don't make regular payments, your car will repossessed. Now if you had an upside down loan, you will still owe the lender.
Does sleeping upside down affect heart?
no it effects your blood because if you sleep upside down blood comes down to your brain.
Can a pencil write in outerspace upside down?
Of course a pencil can write in outer space and upside down. Trying writing upside down now and see for yourself. A pen on the other hand may give you problems.
What tattoo means lost?
An albatross flying upside down means you're trying to find your way.
If your car was repossessed in 1996 can the loan company put it back on your credit report in 2003?
Call a local attorney for state/case specific advice. Contact the credit reporting agency Yes if they are trying to collect what the Upside down difference was from Repo-ing it and auction off price. It should only read that it's a Debt being collected from previous car....
Can you fart upsidedown?
yes you can fart upside down because of the VERY strong force trying to push out that freakin' fart!
What is an upside down rainbow?
It's the bottom half of a full circle --the top half is obscured by clouds or other weather effects
What exercise can cause side effects such as headache nausea sluggishness irritability and muscle cramps?
Breakdancing, running backwards, upside scissors kicks and salami tossing.
Why it is not possible to fill water in an upside down pot from a well?
Why do you need to fill it up upside down? Why is it so much harder simply to fill it up right-side up? Gosh get a life and do things right. Stop trying to be all innovative and annoying...
If a vehicle is repossessed but the rims on it belong to someone else can this person get their rims back as personal property?
PP is usually considered what would fall out if you could turn the car upside down. If the 'other" person had a legally perfected lien on the wheels, they would have "rights".MERRY CHRISTMAS
