Return it to who? The truck is owned by the bank or lending institution. Returning it to them would for sure ruin your credit with that bank. You will also be responsible for the difference in what the bank sells the vehicle for and what you owe. Don't do it. Let someone take over the payments if you are in a bind and are unable to keep up payments. Talk to the lending agency and work something out. It is very easy to ruin your credit and not so easy to repair.
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Related Questions
Can you return something at target without a receiet?
yes, if it's something they carry they will take it back. (If you used a credit card to purchase the item you want to return, they are able to pull up the sale information with the credit card).
How do you account cash sales return?
[Debit] Sales return [Credit] Cash /bank [Debit] Sales [Credit] Sales return
Can you return a used car to the dealer without it hurting your credit?
Yes, you can, if you're returing under a warranty. Warrnanties make you able to return the car whenever you want.
What is mean by credit return?
A credit return is when you get your funds returned to you after already paying for something. Credit returns are also sometimes called refunds.
Say I make a purchase at a store and later on have to return the item. Does it hurt my credit if I return the purchased item Does it matter if money is credited on card or returned in cashstore cr?
No, it does not hurt your credit. No, it doesnt matter, when you return an item that you purchased on credit, they ask for your card and return the money onto your credit card!
I have a car for 2 yrs now and is not fully paid but i want to return it will returning it affect my credit?
You can't just "return" a car. You can surrender it to the lienholder. This is called a voluntary repossession, and yes, it will affect your credit ... it's still a repossession, even though it was voluntary.What you could do without negatively affecting your credit is sell it or trade it in.
What is the other name for sales return or return inward?
Credit note issued
What is the balance for purchase return and allowances?
CREDIT
What is journal entry for sales return?
[Debit] sales return [credit] cash / bank
The Lend-Lease Act was Roosevelt's way of getting arms to Britain without Britain having to?
Return them after the war
What do you mean by financial scam?
It's when someone is trying to trick you into giving them money without getting anything (as valuable) in return.
In the outsiders what three problems did the three brothers face after Ponys return?
what three problems did the brother face after Pony return
What are the dangers of prepaid credit cards?
I think the biggest danger in having a prepaid credit card would be losing it or having it stolen. Because the money is already on it, it would be easy for anyone to use and getting the credit card company to return the money would be incredibly difficult.
Journal entry of sale return?
[Debit] Sales Return [Credit] Accounts receivable / Cash
What is the journal entry for sales return?
[Debit] Sales Return account [Credit] Cash account
What does it mean when your partner is emotionally done with you?
shes done with you she got tired of giving it everything she had without getting any love in return.
How long do you have to wait to sell your home after getting the tax credit?
If, within 36 months of the date of purchase, the property is no longer used as your principal residence, you are required to repay the credit. Repayment of the full amount of the credit is due at the time the income tax return for the year the home ceased to be your principal residence is due. The full amount of the credit is reflected as additional tax on that year's tax return. Form 5405 and its instructions will be revised for tax year 2009 to include information about repayment of the credit.
What is the credit score you start off with if you have no credit?
If you don't have credit, you **can't** have a score, since they are solely based on your use of your credit. The bureaus return a report saying "no credit information on file".
What is the journal entry for purchase return goods on credit?
debit accounts payablecredit purchase returns
Is there anyplace I can get a truck rental without a credit card?
It is unlikely you will be able to rent a truck without a credit card. The reason they take your credit card information is because they want some insurance you will return the car in good condition. If you don't, then they can charge you. You might try going in and seeing if you can place a deposit in cash, but it is unlikely that any place would accept such a reservation.
Can there be any problems with the baby if you get pregnant right of way after getting off the pill?
No, pregnancy occurs when your hormone levels return to normal allowing ovulation and conception.
What Journal entry for sales return?
Debit sales returnCredit accounts receivable / cash / bank
Where can I get information on rewards credit cards?
A rewards credit card is a credit card that gives you rewards in return of making purchases with that credit card. You earn points when you make purchases with your credit card, which can be redeemed towards cash back, rewards, or other gift cards. There are many benefits to having a rewards credit card. However, the biggest benefit would be receiving rewards back, and getting free stuff of your choice.
Can a dealership take a car back due to non-approval after signing contracts?
Non-approval of what? The Car Loan? In that case, yes. If you have no means of paying the loan, credit rating wise, then the dealer certainly isn't going to simply let you keep it without getting paid in return.
In Michigan can a credit card company seize your tax return?
No.
