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If you had your car repossessed about 3 years ago will it help or maybe even boost your credit score by paying the balance?

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βˆ™ 2015-07-16 18:30:51

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I am NOT a credit score exprt, but anytime you pay what you owe it looks good.Anything positive helps a bad score. Good Luck and congratulations on the payoff.

It may not help your credit score, but a friend of mine had a repossession through Ford Motor Company several years ago. He then filed for CH 7 protection and received a discharge. When he went to purchase another vehicle, Ford contacted him. They agreed to give him a loan on the car he wanted to purchase and added the other debt on top of it. It is one way of getting another car.

2015-07-16 18:30:51
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Q: If you had your car repossessed about 3 years ago will it help or maybe even boost your credit score by paying the balance?
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