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Does a repo show on your credit when you voluntarily return it?
Wiki User
∙ 15y ago
Yes, a repo is a repo whether you give it up or they take it.
Wiki User
∙ 15y ago
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Can you return your car if you just went beyond your financial means?
yes,to the lending co. it will show as a repo and hit your credit
If a car is repossessed and the loan is paid in full and you get your car back do you still have a repo on your credit report?
IF the lender posts a repo on your CR, you have one. You will have the repo on your credit report, but it should also show up as "redeemed".
What does Florida law allow for collection of monies owed on a car repossession?
this question can form a wide range of answers it depends on if you are willing to pay on the repo car how ever the most they can do is put it on your credit and it can stay on there for 7 years it will show on your credit report as repo ..a large number of people never pay off a repo car even if you do pay on it to try and save your credit the fact still remain it was repo and it will show repo settlement
Does paying off a deficency on a repossesion take it off your credit as a repo?
NO. What this will do is satisfy the debt only. This will show in favor on your credit, but it will still show as a repo. You are better off paying the debt. If you are doing this, make sure to have them issue a satifaction of debt letter to the credit bureaus. This will increase your score.
Is the repo show fake?
is the repo show fake
If you bought a vehicle but never had it licensed or registered in your name will it still show up as a repo on your credit report?
Yes.
What amount will show up on your credit report when a vehicle is repossessed the original cost of car or the balancing remaining?
the BALANCE DUE at time of repo PLUS repo fees and fees to come later.
What is the normal amount of time from when a car is repossessed to when it shows up on your credit report?
It depends on when the lender reports to the credit bureau companies-- If they showed the repo today on their books and sent their update information to them also today-- then all 3 credit companies will show it today/tomo the latest. If they showed the repo today on their books but they sent the update to all three credit companies two days ago, then the repo will show up next month when they report again. On the other hand, there are lenders that send that information as soon as it happens -- so if you are going to do something do it now but don't be disappointed if it already show.
Is it better to turn your car in that to have it repossessed?
It will still show up as a repo on your credit report, even if you brought the car back and told them you can't pay for it.
If you allow a car you cosigned for to be repossessed then pay off the balance after it is auctioned will it still affect your credit?
IF you can pay it off AFTER it is sold, it will still show as a repo on your credit. BUT if you can payoff then, pay it off NOW and you get to keep the CAR.
Is operation repo real?
No!!! Operation repo is prescripted and practiced just like any other tv show. The cars they repo are purchased especially for the show and some are even donated.
If your car was repossessed in 2000 and you never received a letter from the company saying you owed anything how do you get it removed from your credit if you don't remember the dealership's name?
You can look up your credit report online. The lien holder would show on your credit report not the dealership. A repo stays on your credit for 7 - 10 yrs.
