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WHEN you go to a Buy here pay here car dealerships that does not do credit checks if you skip payments and they reposses the car does that go on your credit record?
Wiki User
∙ 14y ago
If a contract was signed, then they have the legal right to come after you for any deficiency after they resell the vehicle, any monies from that sale will be then be applied to your balance you may have, what ever is left over is the deficiency. They may choose to place it with a collection agency who may then report the account with the CRA's.
Wiki User
∙ 14y ago
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Can a credit card company suzuki reposses a motorcycle if the title has no liens?
If you bought the bike on credit and miss the payments, they can and will repossess the bike and sell it at auction. Just like a car.
What are consumer credit checks used for?
Consumer credit checks are used when a person is applying for a product in store. These usually consist of low level credit checks to ensure a person is eligible for their product, and weekly or monthly payments.
How can you get an auto loan if you have bad credit?
The easiest way to get an auto loan with bad credit is to look for car dealerships that specialize in bad credit financing. These dealerships work with banks that are prepared to help poor credit. Usually, these banks are more flexible with down payments and other requirements.
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.
What are methods of payments?
Methods of payment are the different ways people can pay for things. Such as paper money, credit card, and checks.
If you are a cosigner on a car loan and the bank reposses how long is your credit affected?
Seven years.
How will it affect your credit score if lender requires you to have checking account so they can withdraw payments from each month?
Having a checking account has no effect on your credit score. Bouncing your checks has a big effect on your credit score.
What methods of payments should a new business accept?
A new business should accept cash, checks, credit and debit cards. A new business should also be able to accept credit/debit card payments over the phone as well as online.
Are you responsible for car payments if the loan is in your parent's name?
Did your parents get loan and the car for you with the intention of you paying the payments? Then yes, you are responsible. Use this opportunity to help get some credit in your name. Pay the payments by checks on time, and when you need some credit you can show the cancelled checks or your bank statements with the same payment amount being taken out of the account monthly. A lender will take that in consideration. No. You're not responsible for the payments. If you don't pay, then you are a car thief. They can report the car stolen, and you go to jail, and they get their car back.
How many points will your credit score go up if you pay off credit card balances?
credit scores are not likely to go up simply by paying your balances. But it will help your ratio when your credit is pulled. I do know that scores go down with late payments, credit checks, bankruptcy,
Can you lease a car with a FICA score of 531?
Yes, most dealerships suggest leasing for credit challenged customers because you pay less money back to the bank and keeps your payments lower.
What is the phrase 'credit checks' in Romanian?
Verificarea creditului is a Romanian equivalent of 'credit checks'.
