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Yes, IF you pay more down payment and higher interest rates.

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โˆ™ 2015-07-15 18:46:04
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Q: Can you still buy a car if you have on your credit report that you had a car reposessed?
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Related Questions

Can you buy a home with bankruptcy on credit report?


Can you still renew your drivers license if you owe the lender due to repossession?

Yes. The DMV (Department of Motor Vehicles) has nothing to do with whether or not your vehicle was reposessed (nor do they care). This will, however, affect your credit and ability to buy another vehicle.

After having your car reposessed how hard will it be to try to buy another car?

It is not hard.You will have to pay a higher rate of interest.A better way to go is to lease to build your credit back up.An even better way to go is to buy outright and save your money.Remember that the repo stays on your credit whether or not you continue to pay for the car or pay the loan off it is still there.

How will taking a car back to buy here pay here affect credit when they do not report anyway?

If they don't report, then you don't have to worry about it affecting your credit.

How do you get a credit report without a credit card?

There are actually plenty of alternatives. You can buy a home, buy a car, even some home utulities services will do it depending on where you live. Typically, if they ask for you SSN, then it will most likely appear on you credit report.

If an account was charged off and removed from your credit report after 7 years can another company buy the account and place it back on your credit report?

No, it is illegal, and if you are a victim of this, you can have it removed from your credit report by disputing it with the bureaus. After the statute of limitations is up on any trade line, it can not be placed back on your credit report.

Does a reposesion effect your credit ability to buy again?

Repossessions do show up on your credit report, yes.

Can you get a best buy credit card whitout ssn?

You need a SSN to apply for any credit card. That is how they can check your credit report.

What is a credit report and why is it important?

it is when you check your credit it shows you your score and tells you if it is good or bad and it is important because without it you could spend extra money on something you buy because you have a bad credit report score.

What impact does 1099-C have on your credit report i want to buy a car in a few months will this effect in qualfying for a loan?

Your credit report shows your credit useage patterns, it has nothing to do with the quality/source of your income. 1099 is used to report income stuff to the IRS. The credit bureaus won't know about it.

Should you buy reposessed car?

I would avoid purchasing a reposessed car because in some cases, cars that are reposessed are trashed. I had a friend who looked at a car that was a repossession and there were things missing from the car (radio with CD player). I would avoid purchasing a reposessed car because in some cases, cars that are reposessed are trashed. I had a friend who looked at a car that was a repossession and there were things missing from the car (radio with CD player).

How can you clear your credit report quickly?

I had to clean up my credit report several years ago and it took a lot a work but was able to buy a house and now have financing through my bank. You will need to have the cash to pay off loans if you want to quickly remove them from your credit report. First contact the creditor and ask if you were to pay off the balance would they take it off your credit report. If they agree to first get a letter from them stating so before you give them any money. It still will take several months to clear off your report. Hope this helps.

Know Your Credit Score When Applying for a Mortgage?

Knowing your credit report credit score is the first step in securing a mortgage. When you are looking to buy your home, having a current, up-to-date copy of your credit report is essential in securing the best rates. By reviewing your credit report prior to applying for a mortgage, you will be prepared to clear up any past debts or errors on your credit report that could prevent you from getting a mortgage loan. Your loan officer will request a copy of your credit report credit score, so don't be taken by surprise when it comes time to apply for your loan.

If you buy a car but never pay a payment and the bank takes the car does it show on your credit report?


Who may review your credit report?

The car sales person you talked to when you inquired about a loan to buy a car.

How To Understand Your Credit Report?

If you want to save money on your large purchases, you should strive to maintain a good credit report. Your credit report gives lenders the information they need to determine whether or not to approve your loan. When you buy a house, car or any other significant purchase, you can save several hundreds or even thousands of dollars by maintaining a good credit score. You can order your credit report online at no charge once a year. If you have been turned down for a credit application, you can also request your credit report at no charge. The name of the three credit reporting agencies are Experian, TransUnion and Equifax. There are online credit report agencies that will charge you a fee for your credit report. Make it a habit to check your credit report each year. Credit reporting agencies use your legal name, address, date of birth and social security number to identify you. Your credit report will list other names you may have if you are a female who has been married and divorced a few times. You will also find the addresses where you have lived previously. Be sure the information is factual because errors can occur. If you find an error on your credit report you should write the credit reporting agency immediately. You will find on your credit report a list of your credit accounts. The lender will report the date you opened the account, balance information and your payment history. The three credit report agencies vary slightly in their formats. Check your credit account information carefully for accuracy. Your credit report will also list companies that have inquired about your credit. Examples of these would include lenders, credit card companies and others. If you have any collection items or public record information such as bankruptcies, judgments or liens, then this information will also be included on your credit report. Take the time to order your credit report and take steps to improve your credit. Improving your credit will save you money on your large purchases. Make sure your credit report is accurate and monitor it at least once a year.

If you have a judgment on your credit report can you buy a house?

Generally no, but some lenders will allow a judgment to stay open on your credit report if you provide a repayment agreement and proof that payments have been made on time for 6-12 months.

What are the main reasons that someone would want to get a copy of their credit report?

It depends, maybe someone wants to buy a car, they might need proof of their credit score, some dealerships require you to have a decent credit score; also, when buying a house, your credit score sometimes kicks in, so evidence of your credit score/report are necessary.

What will a foreclosure do to your credit report?

Foreclosure is, without question, very damaging to your credit report. All item on your credit report stay there for 7 years, so consider looking into other options. There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure. I would advise looking into this first.

How can you get a free copy of your credit report?

Go to the website AnnualCreditReports dot com - it is the ONLY site authorized to give you access to your credit reports for free. Other sites may advertise a free report, but it is only free if you buy another service like credit tracking.

Do bad credit reports make it difficult to buy a house?

Yes, a bad credit report can cause you to be either be declined for a new home purchase or to have a higher interest rate. Either way, a poor credit report can make it more expensive or impossible to purchase a new home.

How can people with bad credit buy cars?

It is almost no way in order for one person with bad credit to purchase cars. However, in some cases, it is still possible for some one to buy cars with bad credit.

What is the use of the credit report government?

"The use of the credit report government is to determine whether or not an individual or a couple of individuals are capable of affording something that they are wishing to buy. This is normally used for big purchases such as a house, car, or other form of life altering purchase."

Can an agency put your husband's medical bills on your credit report but not on his?

Not usually. They will place it on the person who was treated at the time. Unless other arrangements had been made (i.e. You asked for them to bill you in c/o (care of) your husband). I had a credit report run when I was going to buy my new home. I had divorced from my wife. I had a number of reports on my report that where from my exwife one from a department store. I called the department store, I was told to call the creditor to have her credit removed they put a report out on her. I'm still working on the medical. What I have found is the insurance. was in my name Account number being my SS# not her's. The reports are coming accross in my name.

Can you sell your house with judgments on your credit report?

Sure; the problem in such a case would be getting a mortgage to buy a house, not selling a house.