Paula, you cant get the late payments off the record unless you can make a deal with the lender. First thing to do is pay it current, then get it taken care of about late payments, Pay the loan off, get B/F a job, get NEW B/F w/money,ect. Maybe if you paid the loan in full, the lender would remove the late payment records. You have to ask. Good Luck
A lender will not remove bad credit remarks on your credit just because your boyfriend messed up. A creditor will remove it if fruad is involved.
if i get my car repossessed, can they put a llien on the house?
In most states, YES. The lender can garnishee the signor AND cosignor wages and/or attach other personal property.
You will also be liable for any deficiency balance
Normally your credit is ruined for 7 years.
then you go and kick that person and repposses that car.... They call cops and you ignore those guys....
Unless you contact the bank and work out a solution, they will sell the car. You will then be liable for the difference in what the car sells for and the balance on the note.
Your car was probably repossessed by the lender who owns the car until you pay for it. Call your lender and they will be able to tell you how to locate your repossessed car.
The car will most likely be repossessed unless you make up the missing payments and penalties.
No, but your car can be repossessed if you don't make the payments.
Same thing that happens to the buyer. Lender persues their legal options to collect the balance due.
The car gets taken to the impound lot, and you have to file paperwork and pay a certain amount of money to get your car back.
Yes. For any amounts not recovered insluding repo costs.