0
- wife gets the car in the divorce** she may have gotten the car but YOU got the responsibility of paying whats owed. "Getting the car in a divorce" is a clever ploy by attorneys to placate all parties, BUT, that doesnt change the LEGAL part of a contract. YOU sign, YOU pay.
Add your answer:
Earn +20 pts
If a person gets their repossessed car back within a certain amount of time can the bank report it on their credit in Arizona?
If a person's car gets repoed, the bank can report it on their CR in any state. When they redeem it doesnt matter, its the fact that it got repoed that gets reported.
How can you get a copy of your spouse's credit report?
If you're married than its easy... your spouse just gets a copy of their credit report and shows it to you. If your not married (divorced) than you cant - its illegal.
Does your credit report get worse if you max out a credit card?
Your credit score gets lower.
When a car gets repoed and sold at an auction for less than its value can the leading company put a lien on your credit report for the balance?
The lender will get a JUDGEMENT for the balance due and put THAT on your CR. And then use their OTHER legal options.
What if your car gets repoed twice?
Then you should pay your bills.
What can happen if you finance a 20000 dollar car and don't make payments for a year?
the possible thing that could happen is your car gets repoed and your credit goes down the toilet for that mistake
How many points does a repo of you car put on your credit report?
OVER 9000 points gets added to your credit, but it makes your cards inert
How long before a debt gets wiped clean?
It is common belief that after seven years your debt gets wiped clean from your consumer credit report that is reported to all major credit agencies.
What happens to your credit if your car gets repossessed?
Your credit is severely damaged. Stays on your credit report for 7 years. Don't let this happen. Contact the lender and work something out.
Does a repoed car have to be sold at auction?
No. Who ever holds the note gets to decide how the vehicle is resold.
Can a credit provider report a guarantor to credit reporting agencies based on the defaults committed by the principal?
If you're talking about a cosigner, then yes. The cosigner's credit gets dinged also. Be careful about who you cosign for.
How does a free 3 credit bureau report work?
It gets you as report from each of the major groups in case one has the wrong or different info so you can try and fix it.
