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If there was no credit check when you purchased a used car will it go on your credit record if it is repossessed?
Wiki User
∙ 8y ago
Yes it will most definatly go against your credit report. A credit check is only to provide a lender with a picture of your credit history. it has nothing to do with wether or not you have good credit or bad credit in its self. wether or not you pay your bills on time and how much you owe is what determines your credit rating. if you do not pay your bills your credit rating will suffer and fewer institutions will lend to you. when they view your credit report they will see you as a bad risk.
Wiki User
∙ 8y ago
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What do companies generally check for in a background check?
they check for credit history criminal medical record
What is derogatory public record?
This is a negative criminal or credit record that is available to be pulled by the public, such as a credit report or background check. It usually involves crimes or bad credit.
Can a third party creditor check your credit after ten years?
== == They can check your public credit record every day if they pay the fee for doing so. It is a Public record after all. Nothing you can do about it.
Do you need credit to take over a persons mortgage?
Yes. You would need to be approved by the bank and it would check your credit record.
What is BI under driving record?
BI under driving record is a background investigation. This is done to check driving record, credit standing, and any arrests or encounters with police.
What is the difference between a criminal check and a credit check?
A criminal check is looking for any felonies on your record and is checked using police records. A credit check is done through specialised agencies set up to keep accounts of your credit. In summary, one is checking you out as a person and the other is checking how you manage your finances.
What do they do with repossessed cars ?
They check them out and resell them after that for a cheap price.
Can i get auto insurance after a repossession?
If you have a repossession on your record and you have purchased a new vehicle, you will have no difficulty purchasing insurance. While some states allow auto insurance providers to check the credit history of applicants to determine their auto insurance rates, not all states do this. Even states that check credit history for premium ratings cannot deny you insurance strictly because you have a repossession on your record. While your premiums will be higher in the states that use credit history, you will be able to find insurance through large name insurers. The primary concern of the insurance company is your driving record and accident history. If you have a bad record, you have a more difficult time finding insurance and you may have to insure your vehicle through a high risk insurance company.
Can non-payment of payday loan be placed on my background check?
Yes, it is a part of a background check. Employers look at the credit record as well as the criminal issues.
What is a credit report and a credit score?
A credit report basically contains information about your credit history, whereas Credit score is a number which is generated on the basis of your credit report. Score totally depends upon one's credit record, if history is good, credit score will be high. I always check my credit score free at Freecreditscore.com.
What are the types of background checks?
There are numerous types of background check often related to employment or criminal records. Some of these check's include employment reference check, character reference check, credit history check, criminal record check and immigration check.
Where can one purchase an ATandT universal card?
An AT&T card is not purchased but applied for through AT&T. Commonly this company will apply for the card using a similar credit check used for regular credit cards.
