Mea, dont be snowballed by yo lender. A repo is a repo. IF you or your Dad were worried about his credit, chances are that it would not have gotten to repo stage. Anyway, the lender calls the shots on reporting repos to credit bureaus, so, play their game. Go get yo car and see if it shows up. Good Luck
No you cannot remove a repossession off your credit report if your cosigner has a judgement on the repossession.
If your business is tied to your personal credit, then yes, you run the risk of being personally affected by the business's bankruptcy.
A repossession will significantly lower your credit score, regardless of the balance. It will take around 7 years before the repossession is removed from the credit report.
A repossession is a serious negative and will drop your scores.
You present proof that the repossession never occured. You can dispute it with the credit reporting agency.
If this relates to a joint account holder or cosigner, then yes the person's credit rating will be affected by a repossession. Yes, whoever's name the car is in will be affected by the car's repossession. Only if the car is somehow tied to the account. Only a bad payment history on that joint account can affect your credit.
AnswerIf the surviving spouse was not a joint borrower on the vehicle loan the repossession affect/appear on their credit report.
No you cannot remove a repossession off your credit report if your cosigner has a judgement on the repossession.
If your business is tied to your personal credit, then yes, you run the risk of being personally affected by the business's bankruptcy.
Yes, there is no difference. A repossession is a repossession.
VERY MUCH affected. You AND Pop will be expected to pay the balance due after the lender sells the truck. Try to sell it yourself.
A repossession is a serious negative and will drop your scores.
A repossession will significantly lower your credit score, regardless of the balance. It will take around 7 years before the repossession is removed from the credit report.
The co-signer will also have a repossession showing on their credit as well. The co-signer is just as legally responsible for the car as the person they signed for.
Any repossession negatively affects your credit rating. Negatively affected credit ratings will affect your ability to obtain loans, typically in a negative way.
neither looks good on your credit.
You present proof that the repossession never occured. You can dispute it with the credit reporting agency.