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If your car is repossessed how does getting it back help your credit?
Wiki User
∙ 18y ago
It won't help much unless you can sweet-talk the lender and convince him to remove the repossession from the credit report. Otherwise, the repossession stays on the record and the only 'improvement' to your credit rating would be the lack of an accompanying past due status.
Wiki User
∙ 18y ago
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Where can you get a loan to buy back your car that was repossessed?
Mike, that depends on how great your credit is. A repo on your record is NOT going to help. Any interest rate you get will be HIGH because of your credit rating. With a decent down payment you can always get a ride at a buy-here-pay-here car lot. Good Luck
Can getting a credit card improve credit score after bankruptcy?
Yes, if you use it properly. Just getting one and doing nothing doesn't really help.
How can credit consolidation counseling help your credit?
Many online companies offer help to repair and improve your credit score. Here's a company my mom used last year. She said they were patient and not pushy throughout the process. She was happy with them and has gotten her way to getting back to decent credit. yazing.c om/deals/creditrepair/animanifest
How does a house repossession effect your credit?
In the UK if your house is repossessed it will stay visible on your credit file for 6 years. It would be very difficult to obtain credit with this on your file. It is possible to obtain another mortgage but this would be from a specific lender and your monthly repayments would be considerably higher. If you have mortgage arrears or in the process of having your property repossessed this can be stopped. If you type in your address bar "stop repossessions" you should be able to find help.
How does the process of a letter of credit work?
Getting a letter of credit will help make a case for your character. With a letter of credit, banks will look at you as a favorable borrower.
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:)
My car got repossessed by title max and i need help getting it back because i dont have any money?
You need a find a friend or a family member willing to help you.
If your car is about to be repossessed is it too late to make your account current with the creditors?
No, it is probably not too late. It certainly will help your credit either way. Call them immediately. Do not allow it to be repossessed if at all possible.
Can a cosigner help you get an automobile if your other automobile was repossessed?
this is the main reason why people need someone to sign for them.(bad credit) the answer is yes
Where can I find information to help my credit?
Many online companies offer help to repair and improve your credit score. Here's a company my mom used last year. She said they were patient and not pushy throughout the process. She was happy with them and has gotten her way to getting back to decent credit. yazing.c om/deals/creditrepair/animanifest
Where can you get a loan to buy back your car that was repossessed?
Mike, that depends on how great your credit is. A repo on your record is NOT going to help. Any interest rate you get will be HIGH because of your credit rating. With a decent down payment you can always get a ride at a buy-here-pay-here car lot. Good Luck
How can credit help to stop poverty?
It can't. Getting into debt will not help poverty
If you made all the back payments on a repossessed car and paid the fees that were due would the repossession still show up on your credit report?
YES I have a letter if you would like it that you can send to the parties involved that may or may not be able to help you get this off your credit report. let me know if you would like it.
What are the functions of credit services?
Credit services can help get you out of debt or try to get you a loan if you really need one or need help trying to get one. Credit services can also help build up your credit if you have a bad credit history.
How can you get a c- to an a?
you can get a c to an a by extra credit and by getting a tutor and getting help and also trying your best
Where can I find a credit agency to help me out in southern california?
Many online companies offer help to repair and improve your credit score. Here's a company my mom used last year. She said they were patient and not pushy throughout the process. She was happy with them and has gotten her way to getting back to decent credit. yazing.c om/deals/creditrepair/animanifest
If I have had a car repossessed should I try to pay on it to help my credit report or should I just let it fall off my credit report after seven years?
Let it fall off. Be alot more careful the next time.
