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If you allow a car you cosigned for to be repossessed then pay off the balance after it is auctioned will it still affect your credit?

IF you can pay it off AFTER it is sold, it will still show as a repo on your credit. BUT if you can payoff then, pay it off NOW and you get to keep the CAR.


What if a carlot doesn't report your payoff on a car how can you get that fixed?

File a dispute with the credit reporting agencies. The car lot will have to prove that you still owe money or the credit reporting agency will change it.


A lien was filed due to credit card debt. I had no personal property at the time the lien was filed about 3 years ago. How does this affect my credit?

The lien is probably still in place, and the fact that it was filed is still on your credit file.


If credit card puts lien on house and i file bankruptcy can i still file the credit card in the bankruptcy?

You have to, it is a debt...it is just a secured debt...by the lien on the property.


Can I still be covered under my parent's insurance and purchase a car in my name?

Generally, the owner of the car must be the one to insure it. If there is a loss, the check for the insurance company payoff will go to the owner of the property. However, some companies offer family discounts.Generally, the owner of the car must be the one to insure it. If there is a loss, the check for the insurance company payoff will go to the owner of the property. However, some companies offer family discounts.Generally, the owner of the car must be the one to insure it. If there is a loss, the check for the insurance company payoff will go to the owner of the property. However, some companies offer family discounts.Generally, the owner of the car must be the one to insure it. If there is a loss, the check for the insurance company payoff will go to the owner of the property. However, some companies offer family discounts.


How many years back can you claim for the real property tax credit?

Property tax credit, or any type of tax return or credit, can typically only be claimed within the first three years of the relevant year. Unfortunately, there isn't any statute of limitations the other way around, and property taxes can still be collected after many years.


Can you file a lien on a minor?

Liens are filed on property (such as houses) not on people (such as minors). If a minor is the legal owner of property, that property can still have a lien placed upon it - however, in almost all cases, minors do not own property, their parents or guardians do.


If you put up a fence and leave it 8 inches from the property line does that 8 inches now belong to your neighbor?

no it still belongs to you. the fence just has to placed on your side of the line that's all. same for any fence your neighbor wants to build. the property line is still the property line


Can a lien be placed on a home deeded with lifetime rights?

Yes, they can place a lien. The property still has value and the life estate doesn't effect that.


If you own more than one property and you are foreclosing the other property how will it affect the property that is still current on payments?

There will be no affect to the house with the current payments. Even if they are with the same lender. But it will hurt your credit badly...at least for 4 years.


What type of entry is placed on a credit report when a bankruptcy petitioner reaffirms their auto lease?

The auto lender would show that the loan has been reafirmed or just simply show that payments are still being made thus you still have an active open account showing on your credit report.


What happens to your credit if you voluntarily have your vehicle repossessed?

If the vehicle is sold for enough to cover the loan maybe not much. but lending gencies dont have time or manpower to wait long. You can still be responsible for any balance between the loan payoff and the selling price. and anytime you dont pay any bill, you damage your credit and everyone looks at your credit report, prospective employers, landlords, it can be really bad