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Hi you have a truck that you owe 15000 on and its worth about 7500 and around 10000 in some credit cards should you stop payments to your truck for them to repo or the cards and eventually go bankrupt?
Wiki User
∙ 15y ago
yes
Wiki User
∙ 15y ago
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Where do you send Harold Powell credit card payments?
Not sure if you ever heard but Harold's went bankrupt and out of business around that time.
Disadvantages of selling goods on credit?
non payments customer may go bankrupt
How do you get defaults off your credit file?
If you've been timely with payments since, try contacting the company that originally flagged the default payments to see if they will work with you to remove them. If they were valid default payments then they may so no outright. Otherwise, they will fall off your credit report eventually (7 years, I think).
How does a person fix bad credit?
To fix bad credit, it can be a time consuming proposition. First you should consolidate all of your credit cards and slowly get rid of them as you pay them off. Pay off your car payments and mortgage payments on time and also stay at a job for a long time. Eventually, you will be able to get a good credit rating.
What are the consequences if a person quits making payments and the car is in your name?
If your name is the borrower name and someone else is making payments and they suddenly stop; then the car will eventually get repoed and it will show on your credit report.
What finance companies have gone bankrupt due to the credit crunch?
For a list of bankrupt companies try www.BusinessBankruptcyLists.com. They should have a list of bankrupt finance companies.
Can filling bankrupt make your credit worse?
Always
How do you add if you can your apartment rent payments to your credit score?
Your landlord would have to report payments to the credit bureau.
What airline companies have gone bankrupt due to the credit crunch?
BMI baby went bankrupt for a period of time, and then it was airtours.
If you have been making all your payments on time and in full how long does it take to get a good credit score?
2 to 3 years to turn you credit around.
If a mortgage payment is 20 days late will that be reported to the credit bureaus?
Generally, late payments over 30 days late are reported to a credit reporting agency. After that, late mortgage payments can become "missed" mortgage payments. And missed payments can affect your credit score in a negative way. However, your exact late payment will depend on how your specific mortgage lender reports payments to the credit bureaus.
What are some restrictions for bankrupt people if they seek to get credit?
There are many restrictions that bankrupt people face when seeking to get credit, the most common one is that they would find that most banks would refuse them credit even if their current economy, is stable and healthy.
