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Can the lien holder report the car stolen for being behind in payments in California?


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2015-07-15 18:43:52
2015-07-15 18:43:52

Think about it, the car was NOT in their possession, so how can they report it stolen? They cant. Its a CIVIL matter NOT criminal.


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I am not sure it is possible but my only suggestion is to call your local Police Department and find out

Not if you are responsible for all of the loans or credit card payments on your credit report. But, if the second card holder is responsible for any payments on your cards, and doesn't make them, then it can cause your score to lower.

Of course not. The car has not been stolen. But guess who is going to have to make the payments if the primary lender does not. You the cosigner, that's who. I would suggest you talk to the person you cosigned the loan for. If I were going to have to make the payments I would for sure try to gain possession of the vehicle. This is the very reason cosigning is a bad idea.

You absolutely can trade in your vehicle even if you are behind on your payments. When you trade a vehicle in the dealership you are purchasing from pays off your previous loan in full, so being behind on your payments will not affect anything other than the total amount due on your car. Of course when the new dealership runs your credit report it will probably reflect that you are currently behind and will also show how many months you are behind.

yes it will, as a co-signer you are held just as responsible as the primary loan holder and it will appear on your credit report no matter if the payments are made on time or if they are late.

The creditor doesn't pay any attention to where the money is coming from, just that the money is coming in. So in other words, no. As long as the payments are on time, the report will be good.

So, if I'm getting this right, the car is slip and all. You call the police and report it stolen. Document all of the times you have tried to get it back, and have dates and times.

In order to report information to the credit bureaus, a company or individual would have to become a contributing client of the bureaus. There is an expense involved and there are also federal statutes which must be followed. So, for the most part, private individuals do not report to the major credit reporting agencies.

Your landlord would have to report payments to the credit bureau.

If they come to repossess it, and you claim to not know where it is, then the repossession agent will report it stolen. At that point, anyone found in possession of it is in possession of a stolen vehicle.

A private mortgage holder normally does not belong to a credit bureau; therefore, can not report credit activity to a credit bureau..

The credit report holder can check his or her report as often as they choose. When you check your credit report it is considered a "soft inquiry" and will not affect your status.

The term arrears may be mentioned in a credit report or by a company you owe money to. A history of arrears means you do not pay what you owe in a timely manner and are behind on payments.

If the bills were overdue and you are making payments as the result of being 'dunned,' and the bills are not yet paid in full, it will reflect on your credit report.

No. You need to report it immediately and the significant other can take over the rent payments that section 8 was providing.No. You need to report it immediately and the significant other can take over the rent payments that section 8 was providing.No. You need to report it immediately and the significant other can take over the rent payments that section 8 was providing.No. You need to report it immediately and the significant other can take over the rent payments that section 8 was providing.

The name of the lien holder for your car should be listed on the title. If the lien holder was not listed on the title, it would be quite easy to sell your car without paying off the lien. A charge off means the person holding the loan considers you to be a deadbeat. It is put on your account when you are more than six months behind on your payments. The charge off does not mean you do not need to pay off the loan. It means you have ruined your credit. If it happened because the lien holder changed addresses without informing you and you tried to make your payments, then you need to get caught up and have him pull that bad report. He made the mistake and he can correct it or you will take it to court. If you did not pay up, take your medicine and start getting caught up to get your credit back.

It can't hurt your credit. Most all cell phone providers do NOT report your good on-time payments but will report late payments.

A waitress is required to report all of her tips in California. There is not a certain amount of tips that are not taxable. You have to report them all.

Call the mortgage company and ask why the payments are not being reported (its illegal to NOT report payments) Further, you can call the credit bureaus, and they will request the information from the mortgage company. Realize, that in some instances credit reporting can be suspended.

if workers' compensation is tax free do you report it to H.U.D.?

There is a big difference between being responsible for something and being legally liable for it. As far as the credit bureaus are concerned, if the ACCOUNT is yours, it doesn't matter who made the late payments. You, as the account holder, are liable. The information is correctly reported against you.

Payments in the last 12 months are reported on your credit report. The BK 7 and the previously late payments will continue to show on your credit report, but eventually your ontime payments will be the ones showing. You may be able to get a statement that the house was redeemed in the bankrupcy, but all late notices for the past 12 months and/or a notice of foreclosure will remain.

Just make a payment. The missed payments will show on your credit report but that's not really bad if you don't miss any future payments.

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