No you cannot remove a repossession off your credit report if your cosigner has a judgement on the repossession.
It won't fix it, but paying off any remaining debt from the vehicle should help your credit rating. Unfortunately, a repossession will linger on your credit report for about 7 years.
Yes, there is no difference. A repossession is a repossession.
A repossession will significantly lower your credit score, regardless of the balance. It will take around 7 years before the repossession is removed from the credit report.
A repossession is a serious negative and will drop your scores.
neither looks good on your credit.
A repossession is a repossession, no matter if it is voluntary or not. Your credit will be ruined for 7 years.
You present proof that the repossession never occured. You can dispute it with the credit reporting agency.
The repossession stays on your credit report for 7 years.
Yes, but perhaps not as adversely as an involuntary repossession.
It depends on how your father's death, the repossession, and the cosigners credit are corelated.
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.
The effect on your credit will depend on how the lender chooses to report it to the credit bureau. Sometimes a lender will be willing to report it 'paid as agreed' or 'settled' entry on the credit report rather than an actual repossession. If it is reported as an actual repossession or foreclosure it will be on your credit for seven years and negatively effect your rating.
Yes, it's one of the worst things that you can do to your credit.
The fact that you have a repossession on your credit report is not a determining factor of whether your can file for bankruptcy. Generally in bankruptcy you can remove the debts from the repossession of your vehicle.
i need to get a repossession off my credit report
It hurts it very badly.
It hurts you credit tremondously. It will stay on your credit report for 7 years, and there is nothing you can do about it. Do not allow your car to be repossed. Voluntary repossession on not any better. Contact the lender and work something out.
Any repossession will negatively impact your credit. Organizations using the credit report do not differentiate between voluntary and non-voluntary. Rather, the organizations see that you were not responsible with credit and what you purchasd needed to be taken away. Generically, a repossession is considered the same as a chargeoff or writeoff, so the impact on the credit score may be anywhere from 50 to 200 points, depending on one's personal credit situation.
It stays on your credit report 7 years from the date of settlement not the date of repossession.
Neither is good. However, a repossession does less damage and is removed from your credit report within less time than a bankruptcy.
a lot and it will hurt your credit for 7 years
Who handles ford credit repos in Ocala,Florida 34479?
no not until it drops from your credit file