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If you already have 1 car repossessed does having a 2nd repossessed hurt your credit even more?
Wiki User
∙ 15y ago
yes
Wiki User
∙ 15y ago
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After you buy a repossessed car does it stay marked as repossessed as long as it is driven even though it is paid off?
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.
Can a creditor list your car as repossessed on your credit even if they have not repossessed it yet?
Looks like 2 choices here..they made a mistake and listed the wrong account OR they have more faith that they CAN and will repo it than you do...LOL
Is it better to turn your car in that to have it repossessed?
It will still show up as a repo on your credit report, even if you brought the car back and told them you can't pay for it.
What is the penalty for having your car repossessed?
Walking to work, better health from exercise, and a lot of debt and bills owed. Likely even a garnishment.
How does having bad credit affect my mortgage payments?
If you have bad credit you will not only have a hard time getting a loan, but you will be charged a higher APR. As a result, your mortgage payment will be higher than if you had good credit. If you already have a home mortgage, having bad credit will not affect it. If you have bad credit and go to get a mortgage, you run a risk of being denied a loan until bad debts are taken care of and even then you may have a higher rate.
Why do credit scores matter?
If your credit score is low, it can affect you renting a home, getting loans, or even getting a job. usually having many credit cards, or having credit card debt, can make you have low score. xD SWAG
Do you get your money back when you cancel your membership for audible?
No, they already gave you the credit when they charge you for the month. You can use your credit, and then cancel. You will still have access to all of your books, even after you cancel.
What are the ramifications of a poor credit score?
Having a poor credit score impacts one's ability to get a credit card and even a mortgage. If one is still able to get a credit card, the interest rate is likely to be higher and the credit limit lower.
What cruise lines offer basic coupons without having a credit card?
Most cruise lines don't offer coupons for their services even with a credit card. Even if they do offer coupons, it is generally for the public and not for a specific person.
Can your car be repossessed out of your driveway?
Yes, even if there is a locked gate they can reposes your vehicle.
Does going negative in your bank account go on your credit even if its for less than 30 days and put back positive?
If you went into overdraft, then it's just like having a balance on a credit card. It does go onto your credit report, but it's not a big deal. If you don't have overdraft, then it's a slightly big deal, but probably not a big deal if you don't repeat it. Get an overdraft line if you don't have one already.
Can you buy another car even though is repossessed?
If you have had a car repossessed, you have not kept up with the payments. You probably still owe money on the repossessed car. In these circumstances, the fact is that you can not afford to purchase another car and would not be able to obtain the finance to do so.
