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Does paying off a deficency on a repossesion take it off your credit as a repo?
Wiki User
∙ 17y ago
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.
Wiki User
∙ 17y ago
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How bad is a repossesion for your credit?
this is common sence yes it is every 30 days late goes on your credit and a repo is very bad you can get a nother car but you will have to put more money down and have a high interest rate.
How badly does a voluntary reposession hurt a co-signer's credit?
A repo is a repo is a repo, credit wise.
What are the penalties for not paying a title loan?
they would more than likely take your car!! Repo your car and bad mark on your credit history.
Does voluntary repossession hurt your credit?
YES, on a CR, a repo is a repo.
How long is a repo on your credit?
A repo stays on your credit for at least seven years. However, you may negotiate with the creditor to have it removed earlier.
Repossesion laws in Arizona?
30days by state law, answer from a repo man
Can repo rep discuss with your boss about your repossesion?
Sure, there is no law against it.
How bad is a repossesion for your credit?
this is common sence yes it is every 30 days late goes on your credit and a repo is very bad you can get a nother car but you will have to put more money down and have a high interest rate.
When repo man hits another car when repossesion a vehicle?
when repo man repossess the car and was in an accident before you can get it back, what happens
What to do after paying off a car repo?
Make sure it is recorded correctly with your creditor and the local credit bureau
Will paying off a repo car fix your credit?
It won't fix it, but paying off any remaining debt from the vehicle should help your credit rating. Unfortunately, a repossession will linger on your credit report for about 7 years.
Is it better to turn in a motorcycle or wait for repossesion?
either way your credit is screwed, I would keep riding it and use it till the repo man shows up. There is no jail for failure to make a car payment.
If your daughter's car is in your name and she is not paying can you let it get repossessed without ruining you and your spouse's credit rating?
No. You are the primary borrower, and it will be entered as a repo. on your credit report.
If your vehicle was damaged during repossesion is the repo company liable?
Yes. If someone damages your property, they're liable.
How badly does a voluntary reposession hurt a co-signer's credit?
A repo is a repo is a repo, credit wise.
What are the penalties for not paying a title loan?
they would more than likely take your car!! Repo your car and bad mark on your credit history.
Cosigner repo a vehicle?
If you are a co-signer of a repossesion, and the primary borrower has not made an attempt to make their payments then you are fully responsible for this debt.
