A repo is a repo is a repo, credit wise.
About the same as any repo. The impact is that you couldn't complete the agreement for whatever reason. Same as a repo. A repo is a repo is a repo. That is correct, there is no difference in voluntary and involuntary. Stays on your credit report for 7 years. Don't let it happen to you. It is not that bad ....in fact you can probably get another car just at a higherinterest rate... besides someone has to keep wonk and clay in business.
It hurts it very badly.
If you manage your debts well, that will be good for your credit. If you manage them badly, then yes, your credit will suffer.
OF Course it does! IF you just got bankrupt it does hurt your credit score really badly!
They don't do anything. Failure to pay bills causes credit to be reported badly and your credit score to go down. All a collection agency does is go after you for the money.
Badly
About the same as any repo. The impact is that you couldn't complete the agreement for whatever reason. Same as a repo. A repo is a repo is a repo. That is correct, there is no difference in voluntary and involuntary. Stays on your credit report for 7 years. Don't let it happen to you. It is not that bad ....in fact you can probably get another car just at a higherinterest rate... besides someone has to keep wonk and clay in business.
It hurts it very badly.
If you manage your debts well, that will be good for your credit. If you manage them badly, then yes, your credit will suffer.
OF Course it does! IF you just got bankrupt it does hurt your credit score really badly!
They don't do anything. Failure to pay bills causes credit to be reported badly and your credit score to go down. All a collection agency does is go after you for the money.
The repossess the car, can get a judgment against you and your credit is badly damaged.
if you get more than one credit check in a given period of time it will reflect badly on your credit. you have the right to take your credit report with you once you authorize someone to pull your credit. then you can take that to another dealer if you are car shopping rather than having a bunch of people pull your credit. good luck!
Bank of America will give home loans to people with damaged credit. It depends on how badly the person's credit is damaged. A person may have to get their credit fixed before receiving a home loan if the damage is too bad.
There are nearly no companies that will give a bad credit cash advance. Companies that are able to give this service are monitored by federal groups which prevent them from treating customers badly.
As far as I know it depends which country you are going. Most probably NOTHING! If you owe less than 10K, nothing in the long term. Your credit history, however, will be affected badly.
No, Hungary has been badly hit by the 'credit crunch' and the Hungarian government has recently received help on a substantial scale from the IMF.