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If you used your credit to help someone buy a car and he won't pay or return car to you can you report it stolen so that you can return it to the dealer?
Wiki User
∙ 18y ago
You have discovered the real reason for never co-signing with a friend. Now you have lost a friend and a lot of money. Go to the bank, explain your dilemma and let them know that you want the car picked up and that you'll pay for the cost of the Repo company and continue to pay for the note but you don't want to subsidize your former friend. When you get the car back, sell it yourself. If you send it to the auto auction you will be getting next to nothing fo the vehicle.
Wiki User
∙ 18y ago
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Earn +20 pts
What happens if you return your motorcycle?
Return it to what? The Dealer? They take all the money you gave them and leave a nasty mark on your credit.
You bought a car for your fiance and now the wedding is off you need to get rid of the car Can you return the car to the dealer And how will this affect your credit?
In general, you cannot return a car to a dealer. You can sell it back to them, though. Selling it won't affect your credit.
What is the credit score you start off with if you have no credit?
If you don't have credit, you **can't** have a score, since they are solely based on your use of your credit. The bureaus return a report saying "no credit information on file".
Why does a dealer sell you a car and then tell you to return it because your credit did not go through?
That would happen only if the dealer has extremely poor business practices.
Will it hurt if you voluntarily return my car?
Yes, it can still hurt your credit if you voluntarily return a car. The car company will still put the debt you owe on your credit report if they choose too.
How does a reposession of a car affect your credit?
It of course effects your credit score. To learn more about your credit score visit either Experian, TransUnion or Equifax. If you can not pay for the car, the next best thing would be to return it to the dealer. Contact the lender and inform the company what you intend to do. If possible, return it back to the dealer you purchased the car from.
Can you return a used car to the dealer without it hurting your credit?
Yes, you can, if you're returing under a warranty. Warrnanties make you able to return the car whenever you want.
Can you return an auto without a repossession on your credit report?
Your credit report will state that the vehicle was returned. It will still show a balance remaining once this vehicle is auctioned off. This is your best option, but it already has done it's damage to your credit report with missed payment. Also, this will affect your credit score monthly for the next two years from the date of last payment.
How can you get your credit score report mailed to you?
Some credit reporting companies will mail you your report, but you may have to do some research to find which ones. I suggest you go to the government mandated credit report site and download the official request form, print it out and then fill it out and return it to the address indicated. It may take 4-5 weeks for processing and delivery.
Do you have to report a judgment against you to the IRS?
Can someone collect my income tax return for a judgment against me
Can you return a lease car back to dealer?
trying to lease a car but have credit bad .dealer work with me but after 3 hard credit inquiery he asking for more information about other family member the credit check took 7pts off my credit .now drop more only had car for two days been calling and txt all weekend for more information can just return the car way question and need more information
Why is my unpaid judgement no longer showing on my credit report?
It is probably what is considered a write-off. It is probably to money consuming to pursue for the return.
