Negative credit rating. Stays on your credit report for 7 years. Don't let it happen.
No. Only is she became a joint account holder, then both persons credit would be affected if any default occurred.
Mea, dont be snowballed by yo lender. A repo is a repo. IF you or your Dad were worried about his credit, chances are that it would not have gotten to repo stage. Anyway, the lender calls the shots on reporting repos to credit bureaus, so, play their game. Go get yo car and see if it shows up. Good Luck
Your credit standing alone won't affect your spouse's credit. The only way your spouse's credit would be affected along with yours is if you jointly hold accounts and then fail to pay them.
yes you would have to pay all the back payments and probably a fee.
I am going to go by the office today. I do not have good credit so this will be a test, I will let you know tomorrow. In the meantime I also would like to know if anyone has gotten an approval.
Sell or continue to make the payments. Do not let the car be repossed. This would hurt your credit and is the last thing to do.
Your credit score is affected by ALL the information in your credit history. Specifically, a recently closed, inactive, revolving account would impact the amount of credit available to you, thus changing your debt-to-available-credit ratio. If this particular acccount was the oldest account in your file, closing it would also shorten the history of your open credit accounts. The amount of impact to your current score would depend upon what remained open in your file and, once again, ALL the data showing, not just this one account.
Yes. Note that your credit score would be adversely affected.
If it is to be repossessed legally then you are guilty of an offence. The offence and the penalty would depend on the circumstances and the country in which you reside.
they could have been attacked from the sea moreThis is Freshman Sophomore and that's dumb, they wouldn't get attacked, their land would get flooded.
Yes, you still have to pay. You signed a agreement stating that you would pay for the car. So the balance that you pay is the cost of the repossession and the cost of the vehicle after it is sold. No! Then company will try to scare you but you don't have to pay it because its still going to be on your credit report.
You can't "walk away" without losing the equity, if any, in your property. Your credit rating would also be seriously affected.