Technically, you have already ruined it. They are just going to report it. If that is what you mean by threaten to ruin your credit, then yes they can. Legally.
Return it to who? The truck is owned by the bank or lending institution. Returning it to them would for sure ruin your credit with that bank. You will also be responsible for the difference in what the bank sells the vehicle for and what you owe. Don't do it. Let someone take over the payments if you are in a bind and are unable to keep up payments. Talk to the lending agency and work something out. It is very easy to ruin your credit and not so easy to repair.
Magnet's ruin credit card's smarts! the reason why is just because. there is nothing else to it!
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Their are several credit improvement programs available online for free. You dont have to report credit counseling services so it shouln't affect your credit score.
NO, but you can ruin your credit score and that can be very damaging to future credit approval procedures.
No! You should contact the credit bureaus immediately by mailing letters "by registered mail" if anything appears on your credit report when you were under 18.
Read this question yourself as if you don't know the details of this scenario. What has having a wreck and the insurance fixing the bike, have to do with ruining his credit. What do you mean by, "them to take it back". Why would the insurance company want to take it back? Do they hold the loan on the bike? The bottom line is that a repo is a repo. It is always a bad deal and will always ruin your credit for 7 years. Do not allow the bike to be repossessed.
they can make personnel with there information and ruin there credit for them.
Sure if you want to ruin your credit and end up paying the difference between what the car eventually sells for and what you owed on it. Don't do it!!! If the dealer is not the lender then he is not envolved with this in any way whatsoever. Talk to the lender and work something out.