0
Where do you go to get a loan when you have a repossession on your credit report?
Wiki User
∙ 12y ago
Having a good credit report means it will be easier for you to get loans and lower interest rates. Lower interest rates usually translate into smaller monthly payments. I can provide you loan, but what type of loan you want. Reply with you location that where you live.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Can a car repossession be removed from your credit report because another family member was responsible for the loan?
Nope, that is why you had to be co-signer. The bank was concerned that the loan might go into default and they wanted to be protected. If you took on the obligation you will be held responsible.
Does cosigning a loan go on your credit report if the loan is in good standing?
Your cosigner's credit report should also reflect the loan. In this case, it should show as paid on time as agreed.
Does a car repossession go on your DMV report or only on your credit report?
Only on your CREDIT REPORT. DMV doesnt care how you got it or got rid off it, as long as ya dont steal it or sell before ya pay for it.
How long does a repossession remain on a credit report?
7 years if there is no "new action" on the particular account. "New action" means if you were to start paying on it or if the financier were to get a Court judgment on the loan. By the way.......A voluntary repossession (turning in the car before it go to collections) is the SAME as a regular repo. It will be listed on your credit in the same manner unless tou have negotiated a new termination clause wiyh the lender.
Can you break a lease on a car?
It is possible but not advisable to break a lease on a car. The car would be repossessed, and the repossession would go on your credit report.
If your car is repossessed but you get current within say two weeks of repossession does the repossession appear on your credit report?
If your power gets shut off and you go in and pay the bill current, did your power get shut off?
Does a bank loan show up on a credit report?
Yes, a bank loan will show up on your credit report if the bank you borrowed money from reports to the credit agencies (practically all of them do). If you need help cleaning up your credit go to http://www.creditscoresystems.com for free sample letters you can use to send creditors and credit reporting agencies.
Where can one get a mortgage or loan with a bad credit history?
Before you apply for a mortgage you need to get an updated copy of your credit report to make sure the information on it is accurate. If you have applied for a loan and have been turned down, ask the lender why. They will go over your credit report with you to discuss any negative impacts on your report. If you cannot find a lender who will approve you for a mortgage, look into a FHA loan. These are a federally insured loan that usually only require a 2% down payment.
How do you overcome a bad credit loan on your credit report?
If you continue paying your bills on time and work on lowering your debt your score will start to go back up.
What will a car repossession do to your credit rating?
A repossession on your credit is NOT GOOD. Avoid it if there's anyway possible. You say the car is SOLELY in your name?? GO GET IT and sell it.
What happens if you miss 4 loan repayments?
Will effect your credit report and probably go into collections. Prepare for phone calls now.
What bank you can go to get a bad credit loan you and your wife have bad credit?
Yes, you can get Bad Credit Loan.
