0
Add your answer:
Earn +20 pts
In California can a parent who cosigned report the car stolen if their child is behind in payments?
I am not sure it is possible but my only suggestion is to call your local Police Department and find out
Can adding a second card holder to your credit account affect your credit score?
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.
Can a lien holder report the car stolen for being behind in payments?
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.
Can I trade in my car if I am behind on payments?
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.
Will being a cosigner for an auto loan show up on your credit report?
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.
Will the primary credit holder be hurt if the cosigner makes all the payments from beginning to end?
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.
Does Verizon report late payments to credit report agencies?
yes
How can you repossess a car when you are the sole lien holder on the title and there is no signed contract and the buyer has not made payments in six months in California?
So, if I'm getting this right, the car is yours..pink 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.
Which of these is not included in a credit card report?
Utility payments
How does a private mortgage holder report late payments to credit bureaus?
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.
How do you add if you can your apartment rent payments to your credit score?
Your landlord would have to report payments to the credit bureau.
Can you be charged with a stolen truck if you get behind on payments?
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.
