Unless you want to be sued, you bet you do.
Actually, it doesn't just come off your record. It will show as a repossession, but it will show as no balance due.
Mortgage repossession occur when you have no money to pay off your mortgage and only happens as a last resort to make up for the payments you can no longer pay off.
No you cannot remove a repossession off your credit report if your cosigner has a judgement on the repossession.
You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.
The only way it will clear is after 7 years it will be taken off. If it has been past that time frame then you need to contact the credit burea or the company that repossesed the ca. Do not pay anyone to do this; it is not possible for anyone to do so.
Pay it off, voluntary repossession, sell the car and pay it off.
After a repossession, you will need to pay a fine usually. For example, if this was a car being repossessed, you would have to pay a certain amount to get it back.
i need to get a repossession off my credit report
Actually, it doesn't just come off your record. It will show as a repossession, but it will show as no balance due.
Only if you pay up all the arrears payments that caused the repossession process to begin in the first place. Partial payments will have to be negotiated with the original lender.
7 years
If your power gets shut off and you go in and pay the bill current, did your power get shut off?
Of course. They have the VIN and are the legal owners until you pay it off.
Mortgage repossession occur when you have no money to pay off your mortgage and only happens as a last resort to make up for the payments you can no longer pay off.
No you cannot remove a repossession off your credit report if your cosigner has a judgement on the repossession.
Pay the debt.
that's the point of repossession. you cant pay, they take it away.