WE'RE ON OUR WAY!!!!!
Possibly up to 7 years.
The car isn't damaged, the debtor's credit rating is. There is no permanent record of the car as a repossessed vehicle like there is for a salvaged title.
To determine how long one will have to be delinquent on a loan before a car is repossessed depends entirely on where the loan was taken from. Different places allow different payback requirements.
As long as the loan for the unit is paid each month, the collateral will never be repo'd.
A repo stays on your credit for at least seven years. However, you may negotiate with the creditor to have it removed earlier.
The judgment should be removed from your credit report 7 years from the date it was entered.
Bankruptcy can stay on your credit report for up to 10 years. I say "up to" because you can ask to have it removed and in some cases they may do so. After 10 years if it is not removed, you can demand that it be removed.
30 to 45 days
Immediately, that it is reported to the credit agencies.
after 60 days they start the process. By day 75 it is repossessed
This will usually be stated in the contract you sign when financing the vehicle. Some places, especially the "Bad Credit/No Credit" lots will attempt to repossess in as little as one day after payment is due. I don't see any financier letting it go for longer than 4 months with no payment be for they file for repossession.
i am a basketball player how long do i have to wait before playing again,had appendix removed last Thursday night
You can go a long 44 hours
If it's repossessed, it's repossessed... there's nothing to report. As long as there's a lien on that vehicle, the lienholder is the rightful owner of it, and can reclaim their property.
I filed at the same time & my lawyer at the time told me it would be on my credit report for 10 years. But you can get it removed in 7 years, but you have to request to have it removed. So now I am looking to have it removed & was thinking of calling a lawyer & asking them how to go about doing that. Hope this helps. I think 7 years is long enough!
10 years before the Chapter 7 is removed. It will decrease your scores dramatically to 400s to 500s.
Like other credit items in your history (other than bankruptcy) it will remain on your credit report for 7 years. You may be able to have it removed sooner if it is not documented properly.
Foreclosures remain on your report for 7 years. It is difficult to get a foreclosure removed.
Yes, as long as it has some value
You dont HAVE to pay anything. You may not get credit in the future because you dont pay. It will be on your CR usually for 7 years. Depending on where you live, if the lender gets a judgement, they could garnishee your wages.
before credit limit of the suppliers
Debt consolidation is usually removed when you complete or terminate the debt management plan. It is advisable to review your credit report on completion of the program and make sure that all information on your credit report is accurate. If the notation that you are undergoing debt consolidation has not been removed, you will need to contact the credit bureau to have it removed. There are a few creditors who may continue to report an account in a debt management plan as delinquent until the balance is totally paid up. This may have a negative impact on your credit worthiness.