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.
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Related Questions
Are there nerves in your nose that affect your balance or weight?
No. Your EARS affect your balance.
Is husband liable for a car loan if his wife cosigned?
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.
How does it affect your credit or obligation if your repossessed vehicle was stolen from the lienholder?
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.
If you cosigned for a car and it got repossessed voluntarily what will it do to your credit and will you owe?
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.
What two types of errors are associated with the trial balance?
Errors that do not affect the trial balance errors that affect the outcome of the trial balance
If your car has your mothers and your name on the title but she is deceased how does this affect you if it is repossessed?
Goes on your credit as a repossession.
What affects balance?
your muscles, sight, and hearing affect your balance.
Does taste affect balance?
no
How will breaking and steering the car affect the cars balance?
loses the balance
How bad does it affect the cosigner's credit if the borrower has the car voluntarily repossessed?
It has the same effect on the credit.
If a spouse's car gets repossessed after their death does it affect your credit rating?
If your name was on the note, yes.
How do flashing lights affect balance?
Flashing lights might affect the balance by causing a person to feel unsteady or confused when confronted by these lights. Flashing lights can also cause seizures that affect balance in some cases.Ê
Does the height of a person affect their balance?
Yes height does affect balance because I did a science project and the shorter person balanced on a balance beam for 1:20 minute. By dereko333
Can repossession affect family members?
The only person it affects is the person the item is being repossessed from. Unless, one of the family members is a co-signer on a loan of the repossessed item. Then, they can bear the responsibility of repaying the loan and it will show on their credit report as well. I'm not aware of what is being repossessed, but the implications of repossessions may affect others...just not financially, unless taxes are involved (like a home).
How do you lose control of your balance of your feet?
Neurological diseases can greatly affect balance....like Mulltiple Sclerosis, Parkinson's. varied forms of Ataxia. Also, problems with the inner ear affect balance.
How does vision affect balance?
Vision affects balance by informing you of any obstacles in the proximity.
Does eyesight affect your balance?
yes, your muscles, ears and eyes help you keep balance
Factor that affect the balance of ecosystem?
the sollubility.
How can gender affect energy balance?
messi
How this relationship affect the balance of your nature?
Huh?
How does temperature affect mass on a balance?
Temperature does not affect mass on a balance directly. its effect is simply a faulty reading for weighing something that is too hot.
How can environmental conditions affect your body's fluid balance?
The environmental conditions can affect your body fluid balance because it can cause you to sweat too much.
How does getting a car repossessed affect credit?
Stays on your credit rating for 7 years. Has a very negative effect.
If there are two owners on a auto title and only one signs for a auto title loan and dies is the other person responsible for paying balance of loan?
The short answer is yes, if you want to keep the car. Otherwise the loan will go into default and it will be repossessed. If you did not sign for the loan, it will not affect your credit.
Does balance really affect a free throw shot?
Balance affects any type of shooting.
