If your car is repossessed by a 'buy here pay here' dealer does it affect your credit?
Only if the dealer reports it to the credit bureaus.
Buy here pay here dealer breached the contract and didn't make the necessary repairs to the vehicle Two payments were not made and the vehicle was repossessed What can we done?
Can a creditor list your car as repossessed on your credit even if they have not repossessed it yet?
What will happen if voluntarily let car be repossessed if finaced through a dealer that deals in bad credit loans and not actually a bank?
Now this is kind of a tricky question because if your talking about buy here pay here most don't report to the credit co. trans union,equifax etc.so chances are good it wont hurt your credit but at the same rate it wouldn't help your credit either.But beware if you screwed one bad he has every right to sue the rest of what pants you have off so be fair with whoever your dealing with and…
Hello, Jamison here, On credit score==EXACTLY THE SAME You CAN try to explane it to the lender, They will listen but they wont care too much,, If its NOT REPO'd Yet put A foot in someones Behind side!!!!!!!!!!!!! If its REPO'd== MAKE THEM PAY IT OFF!!!! This is what the bank wants, And this is the real reason they want A cosigner in the first place.
If a consumer does multiple inquiries into their credit file, your score will drop, especially if your inquires are from credit card companies. The theory is: a consumer may not have enough money and needs more credit to sustain his/here lifestyle which bring in more debt, thus applying for more credit.
Foreclosure is a very damaging entry on a CR, and will cause problems if the person tries to obtain credit (especially another mortgage), in the future. Foreclosures remain on a CR for seven (7) years. Here is an interesting article I read just today on this topic. Here have a look: http://www.mortgagetonight.com/2009/01/how-foreclosure-affects-credit/
If a car is repossessed from someone at a buy-here-pay-here lot then you take the car and it is given back who is responsible for the balance remaining?
I searched it and found a website called RepoFinder .com that is free. ------------------------------------------------------------------------------------------------------------------ Why not try a search on Google or Bing? It's really easy and a lot quicker than asking here and getting a random answer at some random time.
It could be huge. BUT, if you have a $0 balance............which you SHOULD....it won't matter. It's all about percentages. A credit card w/ a $1000 limit w/ $300 on it...is OK (keep all cards below 30%). A credit card w/ a $500 limit and $300 on it is BAD (60% of the credit is USED). The key here is to "HAVE" CREDIT........NOT "USED" CREDIT. It's all about percentages. Credit is only credit......if it's available.
If you default on a credit card debt in Hong Kong can the bank sue you in Australia if you now live in Australia?
How long after your car is repossessed can you get finacing for another vehicle without a large down payment or going to a buy here pay here place?
How does a person who makes very good money has a nice down payment get a auto loan when they are in a open chapter 13 we have the trustees permission and do not want to go to a buy here pay here?
YES - you can. Your first option should be some dealer that offers "BUY HERE-PAY HERE" deals on good used cars. There's alot of them around and they will usually allow you to pay on your payday (weekly or bi-weekly). You're going to be paying a much higher interest rate but that goes along with allowing your credit score to get so low. Second option is a new car with a co-signer with a better…
I just got a new credit card. I dont have any credit cards other then this one. If I cancel this credit card that is new with zero balance will it affect my credit score?
Everything you do related to credit cards will affect your credit. My advice would be to leave the credit card account open and here's why; While just cancelling your credit card (with no balance) shouldn't hurt your credit, here are a couple things to think about; 1) your credit history makes up 15% of your credit score. No history means no points. 2) your payment history is makes up 35% of your credit score. I…
If your wife's house is in foreclosure and the note is in her name but you have made payments on it in the past will it hurt your credit or only hurt hers?
You can. You only need to find a lender who is willing to give you a chance. Sometimes, if your credit history is too spotty, you may need to purchase at a "buy Here, Pay Here" lot. Or, you may be required to put up a significant down payment. In Canada the interest rates for bad credit car loans range from 8% to 29% depending on your credit bureau report. With the increase of interest…
Can a dealer that sold you the car buy it back from the bank and make you responsible for the balance if if the dealer has not re-sold?
Certainly one of the biggest downsides of filing for bankruptcy is the affect it has on your credit. Generally speaking bankruptcy stays on your credit report for 7-10 years. = ans = As you must have seen asked and answered here at least 100 different ways....BK IS ON YOUR CREDIT REPORT FOR AT LEAST 10 YEARS. It is available as a public record of a court for much longer, basically forever.
Bad credit history here in the Philippines can you apply for a credit card to clean your record in another countrythanks?
if you need a credit card you can go here http://www.getgoodcredit.newcreditapplications.com it has major credit card companys and there is something for everyone bad credit no credit business students prepaid everything you're looking for they have and its not hard to get approved 0% rewards and low interest. i have a few myself.
If your credit score is so low you do not qualify for a regular car loan, and have tried a local credit union with no success, so you go to a car dealer that has signs saying "we finance here," be careful. If you have enough income, you may get the "instant approval," but it will come with a high interest rate. Do not sign any document that has blank spaces. Do not apply at…