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If your car was repossessed but redeemed by the cosigner can the bank report a repossession on your credit but not on the cosigner's?
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Answered 2015-07-16 19:23:12
VERY possible. reporting repos is up to the LENDER(of course, they usually do). It was very much repoed from you sooo. Nothing you can do about the co-signor having or not having a repo on their credit.
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What can you do if your car was repossessed and then you redeemed it but the bank is reporting it as a repossession that happened this month when it actually happened 2 years ago?
You need to provide the bank with written documentation proving your case. Show them what paperwork you have and they have to change their information.
Can a credit report show settlement then repossession on the same vehicle?
A credit report is a record of all transations on a reported account. In the life of a vehicle loan, many things can happen. Over the typical four to five years, the vehicle may have been repossessed and then redeemed and paid off. In these cases, yes, repossession and settlement can show on the same vehicle, on the same credit report.
What if you stop making payments on the vehicle?
It will likely be repossessed and sold at auction, if not redeemed, with the proceeds being applied against the amount owed and subsequest repossession, collections, and legal fees. Keep in mind that you signed a contract. That contract is legally binding, and in most cases, you agreed to suspend many of your rights to property.
If a car is repossessed and the loan is paid in full and you get your car back do you still have a repo on your credit report?
IF the lender posts a repo on your CR, you have one. You will have the repo on your credit report, but it should also show up as "redeemed".
What actors and actresses appeared in Redeemed - 2008?
The cast of Redeemed - 2008 includes: Cindy Birch as Redeemed
What is redeemed in present tense?
The present tense of redeemed is redeem.
What are the lyrics to Clara Ward's Redeemed?
Clara ward lyrics Redeemed
What is the duration of Guilt Redeemed?
The duration of Guilt Redeemed is 2880.0 seconds.
What is the legal course that must be followed by a lender repossessing a car?
After repossession the lender must send a letter telling you where the car is how much is owed on the car and where it can\d be redeemed. This letter must be sent within 5 day after the repo
How do you use redeemed in a sentence?
Redeemed is in past tense ( in case you didn't know) and therefore you would use it in a past tense sentence. Here are some examples I redeemed my tickets for a prize I redeemed my coupon at the register You would not say " I will redeemed " because that doesn't make any sense FYI (this is NOT a professional answer)
When was Redeemed Christian Church of God created?
Redeemed Christian Church of God was created in 1952.
What does redeemed mean on a gift card?
A gift card has a certain amount of cash on it, and when that cash is used, it is 'redeemed'.
Can a Chocosphere gift card be redeemed in person or does it have to be redeemed online?
The Chocosphere gift card can be used online for payment.
What are the release dates for By Love Redeemed - 1916?
By Love Redeemed - 1916 was released on: USA: 15 January 1916
What are the release dates for Honor Redeemed - 1914?
Honor Redeemed - 1914 was released on: USA: 1 August 1914
What are the release dates for How He Redeemed Himself - 1911?
How He Redeemed Himself - 1911 was released on: USA: 31 May 1911
How does the remaining balance in a vehicle repossession case get solved?
Once the vehicle is repoed, if it is not redeemed, the vehicle is sold at auction. This purchase price is applied to the debt. The problem is, the repossession procedure can add much more to the balance owed. So, there is likely to be a remaining balance, and it could be higher than was originally owed on the loan before the vehicle was repoed. In cases where a balance remains, the lender may decide to take legal action and sue the borrower.
What does politically redeemed mean?
I would think "politically redeemed" means politically saved... as in a party or politician has done/said something that saved them...
What actors and actresses appeared in The Redeemed Claim - 1913?
The cast of The Redeemed Claim - 1913 includes: Harry Keenan Harry Todd
How do you write redeem in a sentence?
He redeemed his family's honor. She redeemed her wealth from winning the lottery. The boy that was once mentally ill has found help and is now redeeming his sanity. The woman has redeemed her dress back from her friend that has been hoarding it in her jungle of a closet.
What happens if your vehicle is repossessed for Florida residents?
The vehicle will be taken to a storage lot, or sent directly to auction. The borrower will be notified by mail of the lenders intent to sell the vehicle either by an Order of Repossession or a Notive of intent. The vehicle will either be sold at auction or redeemed by the borrower. If sold at auction, the purchase amount will be applied to the loan debt. If the purchase price exceeds the debt plus all repo fees, the remaining amount will be refunded to the borrower. If the purchase amount is less than the loan debt (the more common scenario), the borrower will be required to pay the remaining amount of the debt.
What is the Hebrew word for redeemed?
ga'ul (גאול)
Why only fully paid up preference shares can be redeemed?
Only fully paid up preference shares are redeemed because the law requires it.
What are the release dates for Redeemed - 2010 I?
Redeemed - 2010 I was released on: USA: 10 October 2010 (Salt Lake City Film Festival)
Can you reuse a Nintendo points card after it's redeemed?
No Nintendo secures that card and makes sure if you lose it or try to reuse it after it is redeemed Nintendo will deny your request
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