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Can you use a credit counseling service to pay the deficiency balance in a repo in nc?
I was a Certified Credit Counselor in the state of North Carolina, and the answer to your question is no. The only accounts that a credit counseling organization will accept are revolving accounts (credit cards), payday loans, utility debts, and medical debts. Repossessions will have to be negotiated between you and the collection agency or lender that has this account.
How badly does a voluntary reposession hurt a co-signer's credit?
A repo is a repo is a repo, credit wise.
Does voluntary repossession hurt your credit?
YES, on a CR, a repo is a repo.
Does a repo show on your credit when you voluntarily return it?
Yes, a repo is a repo whether you give it up or they take it.
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.
How long is a repo on your credit?
A repo stays on your credit for at least seven years. However, you may negotiate with the creditor to have it removed earlier.
If you have a voluntary car repo while you are in chapter 13 how does it appear on your credit report?
as a repo
Does the credit company have to warn before repo?
No.
Is there a Repo website for repo guys to search for open repos?
Your best bet is to sign up with a forwarding company like Par or a directory service (click the link below). They will help you get found by the banks that are looking for new repo companies.
If a car is repossessed and the loan is paid in full and you get your car back do you still have a repo on your credit report?
IF the lender posts a repo on your CR, you have one. You will have the repo on your credit report, but it should also show up as "redeemed".
What do you need to start a repo service in Illinois?
wanting to start a repo service in Illinois and need to know what all is needed?
How long does a paid off car repo stay on your credit report?
7 years from the date of repo.
