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If you get a repossessed car back is it removed from your credit?
Wiki User
∙ 14y ago
No. Your credit report is a record of all transactions on reported accounts. The repossession will show in the history, but so will the redemption.
Wiki User
∙ 14y ago
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If a car was repossessed how long does it stay on your credit before it is removed?
7 years
How can a car repossession be on your credit report when your car was not repossessed?
By mistake. Waste no time contacting the credit reporting companies, and demand that this entry be removed from your credit report.
If your spouse's car was repossessed can you make payments to get it back?
Yes. And that will help out their credit history too:)
Can rims be removed from a repossessed car as personal belongings?
no
If you're married and your husband's car is soley in his name and was repossessed will it show on your credit as repossessed?
No, because you have your own separate credit report.
What happens to your credit after a car is repossessed?
Normally your credit is ruined for 7 years.
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.
If you already have 1 car repossessed does having a 2nd repossessed hurt your credit even more?
yes
If a car was repossessed 12 years ago and it was reported on your credit but as been removed after 7 years can lawyers collect on this account after 10 years in West Virginia?
thnmn,
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 car is repossessed and the loan is paid in full and you get your car back do you still have a repo on your credit report?
IF the lender posts a repo on your CR, you have one. You will have the repo on your credit report, but it should also show up as "redeemed".
How soon can you buy a car after a car has been repossessed?
You can buy a car right after your car has been repossessed. It will however, depend on whether your credit is stable enough to qualify or if you have the cash to pay out of pocket.
