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Do I need to pay off a repossession?

Updated: 9/11/2023
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16y ago

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Unless you want to be sued, you bet you do.

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16y ago
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Q: Do I need to pay off a repossession?
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Related questions

How do you get out of a car loan that you don't want anymore?

Pay it off, voluntary repossession, sell the car and pay it off.


What happens after a repossession?

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.


Need to get a reepo off my credit report?

i need to get a repossession off my credit report


Can you get a repossession off your credit if you pay the past due amount immediatley?

Actually, it doesn't just come off your record. It will show as a repossession, but it will show as no balance due.


Will your car be taken off of repossession if you pay money on it?

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.


How long is a car repossession on your credit report after you pay it off and get the car back?

7 years


If your car is repossessed but you get current within say two weeks of repossession does the repossession appear on your credit report?

If your power gets shut off and you go in and pay the bill current, did your power get shut off?


Can repossession companies find out where your car is registered?

Of course. They have the VIN and are the legal owners until you pay it off.


When do mortgage repossessions occur?

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.


Can you remove a repossession off your credit report if your cosigner has a judgment on the repossession?

No you cannot remove a repossession off your credit report if your cosigner has a judgement on the repossession.


How do you get out of a repossession?

Pay the debt.


My car was repossessed and they wont give me back the car unless i pay the car off?

that's the point of repossession. you cant pay, they take it away.