As long as the loan for the unit is paid each month, the collateral will never be repo'd.
If you have an Amazon store card or credit card, you have to make payments every month.
A credit card is a line of credit given to a person that has good credit. the person can charge things and pay it back with small payments each month.
No, it won't hurt your credit. In fact it will improve your score.
Adjusted Balance Method
If they are accepting your payments, they probably won't take your car.
Seven years. However, they will have less effect as time goes by. For example, late payments over a year old do not harm your credit as much as late payments from last month. Late payments over 2 years old are generally ignored.
The length of time that a car payment can be late without being repossessed will depend on the bank or car dealers agreements. Payments made after a month may be in jeopardy of being repossessed.
Yes, for better or worse, depending on your payments. If you pay on time you're set and you will see an increase month to month. If you fall back on payments, so shall your score
== == Each month that you make an on-time payment your credit score increases.
If you pay your bills on time and in full each month it will help your credit score rise. If you are late on payments and have outstanding payments then your credit score will become lower. Your credit score is an important thing to help you obtain loans such as car loans or a mortgage.