Repossession

Does repossession hurt you in the end?

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2015-07-15 18:36:02
2015-07-15 18:36:02

In my O' pin ion it hurts you in places you may not know you have.

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YES, on a CR, a repo is a repo.

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All fractures hurt, end of story.

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Yes, there is no difference. A repossession is a repossession.

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A repossession is a repossession, no matter if it is voluntary or not. Your credit will be ruined for 7 years.

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Depends. Are you receiving the car or are you selling the car.Repossession = againRepossession = ownershipRepossession = gaining ownership again

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

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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.

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Wrongful repossession insurance??? Coverage for when the Repossession Agency wrongfully recovers an asset for a myriad of reasons.

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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.

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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.

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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.

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How do you write a car repossession letter?

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A repossession is a serious negative and will drop your scores.

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Repossession of what? Who? The repo agent?

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How much do repossession agents commonly make?

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who is allow to do Vehichle/car repossession? when is a vehichle/car repossession not allowed? whats the minimum insurance needed for car repossession?

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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.

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it was hurt by the end of war and the end of slavery

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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.

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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.

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To start a repossession business you must file the appropriate business license. Many repossession businesses also have insurance and a bond for their business.


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