answersLogoWhite

0


Best Answer

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

User Avatar

Wiki User

โˆ™ 2005-09-29 18:08:16
This answer is:
User Avatar
Study guides

Loans

26 cards

What is forfeiture

Which of these is the best description of delinquency

Which term is defined as property that is pledged as security on a loan

This is Paula's monthly budget What percent of her expenses is spent on insurance

โžก๏ธ
See all cards
2.33
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
3 Reviews

Add your answer:

Earn +20 pts
Q: How will a voluntary repossession affect your purchasing a car within a year from the voluntary repossession?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Define Voluntary ownership?

Summit About Voluntary Work Within a Business Diffrent Types Ownerships Init =)


Can a repossession agent call the police?

Thay can, and in many jurisdictions it is required before repossession is performed. In others it is only necessary to notify police within 24 hours of recovery.


Is it better to have a repossession or a bankruptcy on your record in regards to credit recovery?

Neither is good. However, a repossession does less damage and is removed from your credit report within less time than a bankruptcy.


If your car is repossessed but you get current within say two weeks of repossession does the repossession appear on your credit report?

If your power gets shut off and you go in and pay the bill current, did your power get shut off?


What happens if a buyer takes a car back to the loan company?

Buyer's remorse. Seriously, if the car is returned within three days (as is permissible in some states), it is a simple annulment of the contract. If the three days grace period has passed, this would be a voluntary repossession, or lease laydown (depending on the specifics of the contract).


What is endogenous explanation?

it is a top down attentional processing. a guidance from within, voluntary, flexible and dynamic.


What is a procurement officer?

A person within an organisation whom has accountibility for purchasing commodities


Is there a time period in which they have to grant you access to your possessions when your car has been repossessed?

Usually has to be claimed within 30 days of repossession.


Are cardiac muscles voluntary muscles?

No, your heart muscles contract without voluntary input. Therefore they are involuntary muscles. The regular heart beat is stimulated within the SA node of the heart, this is known as autorhythmicity.


Where can you find the repo laws for NYC?

Repossession laws are enacted by states and are applicable to all the municipalities within that state. Please see link.


Within which to affect?

There are many of factors like the income we get that affect our daily lives.


Where can one purchase a locking cabinet?

Staples has many locking cabinet models available for purchase. You have the option of purchasing within a store near you or purchasing the locking cabinet online.

People also asked