HomeIf 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?
Wiki User
2015-07-15 19:25:39
2015-07-15 19:25:39
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.
Related Questions
No. Your EARS affect your balance.
The repo will effect your credit. The judgment the lender will get will effect your obligation to pay the deficiency balance. the letter wont effect anything UNLESS the car WAS stolen.
No. Only the person who co-signed is responsible. Even in a community property state that debt would not be a marital debt. However, if the primary borrower defaults you wife will have to pay the balance and that, of course, may affect you.
Errors that do not affect the trial balance errors that affect the outcome of the trial balance
Whether a repossession is done "voluntarily" by the primary or through the action of the lender, the primary borrower and the cosigner are still legally responsible for all the terms of the lending agreement. The affect the repossession has on the cosigner's credit history will depend upon the actions of the lender to recover the debt owed.
How do you get 1000000 robux for free?
What's the most outdated thing you still use today?
How many people signed the Declaration of Independence on July 4 1776?
How old is Danielle cohn?
What is the difference 1 -9?
How many hundreds are in 8000?
How do you write your address in alphanumeric form?
What does program mean in brain teaser?
What is modal fabric??
What were George Washingtons false teeth made from?
Who was Yale University named after?
What determines whether you are left or right handed?
What would you do if the internet was suddenly gone?
What is the longest plate appearance in MLB history?
What is the official name of the Statue of Liberty?
Why can't we remember our dreams?
What are the benefits and possible pitfalls of having an official curriculum?
What are advantages and disadvantages of micro planning?
Is August Alsina Haitian?
TP-6 What should you do when fueling an outboard boat with a portable tank?
BA-28 which is a recommended water-skiing safety practice?
What negativity did Paul Harvey report about Andrew Wommack?
Why can you steer out of a potential problem situation quicker than you can stop for it?
What do literary critics do when they make interpretations?
Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.