In my O' pin ion it hurts you in places you may not know you have.
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Related Questions
Does voluntary repossession hurt your credit?
YES, on a CR, a repo is a repo.
How many points will be deducted from a credit score for a repossession?
a lot and it will hurt your credit for 7 years
When you give your car up for repossession does that hurt your credit score and if so for how long?
YES it hurts for about 7 years.
If you do a voluntary repo and get another dealerships car will that hurt your credit as bad as not making any payments for a repossession?
A repo is a repo is a repo.
Does a voluntary repossession affect credit the same way as a reposession?
Yes, there is no difference. A repossession is a repossession.
How will a voluntary repossession affect your purchasing a car within a year from the voluntary repossession?
A repossession is a repossession, no matter if it is voluntary or not. Your credit will be ruined for 7 years.
Do still own the car after a repossession?
Depends. Are you receiving the car or are you selling the car.Repossession = againRepossession = ownershipRepossession = gaining ownership again
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.
Does breaking a foot hurt?
All fractures hurt, end of story.
How does a willing reposession effect your credit?
A repossession hurts your credit score whether it is voluntary or not. The creditor will report late payments, a charge off status, and a balance if one is owed. A repossession may hurt your credit score anywhere from 60 to 120 points.
What is repossession insurance?
Wrongful repossession insurance??? Coverage for when the Repossession Agency wrongfully recovers an asset for a myriad of reasons.
When does a kick end?
when your ballls hurt
Does the repossession company have to report the repossession to the police after the repossession?
I only know about the state of Massachusetts. And yes in our state they have one hour to report the repossession to the police department in the town of which the car was taken.
How late can a vehicle payment be in Virginia before repossession?
I am a repossession agent in Virginia it takes 2-3 months of not paying before the repossession status occurs.AnswerI am a repossession agent in Virginia it takes 1 missed payment then repossession status occurs.
How bad will a rep hurt your credit?
A repossession will remain on your credit for seven years, which will decrease your credit score. You should work out a payment arrangement with the creditor to avoid it.
How do you write a car repossession letter?
How do you write a car repossession letter?
What will a repossession do to your credit report?
A repossession is a serious negative and will drop your scores.
Is it legal to carry a firearm during a repossession?
Repossession of what? Who? The repo agent?
How much does a repossession agent make?
How much do repossession agents commonly make?
Is a voluntary repossession better than a repossession?
neither looks good on your credit.
Where do you get car repossossion permit?
who is allow to do Vehichle/car repossession? when is a vehichle/car repossession not allowed? whats the minimum insurance needed for car repossession?
Are the Lender of a repossession allowed to charge a storage fee and a repossession fee in the state of California?
In the state of California, the lender of a repossession may only charge fees that it incurs and that are in the contract. If the lender pays for the storage or houses the repossession, then yes, the lender is allowed to charge both a repossession and a storage fee.
What are the consequences of not making car payments?
If you do not make car payments you will default on your loan or lease. It will ruin your credit and end up with a repossession.
Do you receive notification before auto repossession?
You will receive notices that your payments have not been received, making your auto subject to repossession, but you will not receive a date and time of the repossession.
How do you start a repossession business?
To start a repossession business you must file the appropriate business license. Many repossession businesses also have insurance and a bond for their business.
