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Would you be able to buy a new car with repossesssion's on your credit?
Wiki User
∙ 15y ago
Yes; but it will take a while after the repossession.
In 1997 I missed a few payments on my car and the repo men came to collect it. I had to pay off enough to my bank that they would release the car back to me. My credit took a SERIOUS hit which stayed with me for 5 years.
During that time I was deemed a credit risk and while I still had banks and institutions willing to loan me money; it was at an outrageous interest rate because my credit was lousy from the repossession.
Right after the repo I made sure that I paid all my bills on time; paid off at least the minimum payments every month on my credit cards and kept that up until I had enough positive credit that the old stuff (repossession and other missed payments) fell off the report.
It takes time, serious dedication to be responsible with those payments, and making some sacrifices until I was in better financial shape.
Wiki User
∙ 15y ago
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How would I be able to obtain a home loan if my credit is bad?
You may be able to still buy a home. Why is your credit bad? Do you have a down payment?
After a foreclosure when would you be able to buy a home again?
Normaly your credit history will be damaged for 7 years.
If you add an authorized user to your credit card would they be able to gain credit?
YES! Before me and my husband got married, we were going to buy a house. I put him on my credit cards, and in a few months, his credit was just as good as mine. We were able to buy our house within 6 months of adding him. I hope this helps you out. Good luck!!
Why would you buy computers on credit?
One may buy a computer on credit, if they do not have enough money to spend up-front. Buying something on credit can spread the payment over a few months so a person may be able to afford an item.
Can you buy a iPhone with bad credit?
Yes, You CanAnswerBad credit would only affect you if you planned to buy the handset on credit terms.
Is requesting increased credit bad?
Not if you are able to meet the repayments on what you buy.
Where can one apply for a Best Buy credit card?
When looking to apply for a Best Buy Credit Card the applicant will find that they need to go to the Best Buy credit card website that is listed on the internet. There the applicant will be able to sign up for a Best Buy credit card.
What companies offer credit cards with no credit checks required?
There are many prepaid credit cards that a person is able to buy without credit checks. But if a person wished to buy a "normal" credit card such as VISA there is a company called Credit Federal that requires no credit checks to purchase a credit card.
Why is piling on credit card debt not a good thing?
because you will be finaincialy crushed and never be able to buy any thing again you would barely be able to afford rent on a cardboard box under the overpass
Can you get a best buy credit card with tax id number?
You will be able to be qualified for a Best Buy credit card with your tax id number. You should apply in person at the store, instead of online.
Can i buy a Walmart gift card at Walmart using my Walmart credit card?
You should be able to do this. Usually the only issue is paying a credit card bill with a credit card.
Can i buy a Lowe's gift card at Walmart using my Walmart credit card?
You should be able to do this. Usually the only issue is paying a credit card bill with a credit card.
