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It will affect her credit if she executed the mortgage along with her husband. If her name is not on the mortgage or the property then it will not affect her credit. She should consult with an attorney who can review the situation and determine what her options are. Perhaps the bank would accept a deed from the heirs in lieu of foreclosure.
What else can I help you with?
Your vehicle was repossessed and sold at the auction after the fees you still owe 292 how will this reflect on your credit IF you pay it off?
It will show as paid or satisfied.
If you're married and your husband's car is soley in his name and was repossessed will it show on your credit as repossessed?
No, because you have your own separate credit report.
What happens to your credit after a car is repossessed?
Normally your credit is ruined for 7 years.
If you already have 1 car repossessed does having a 2nd repossessed hurt your credit even more?
yes
Can a motorcycle purchased on credit card be repossessed?
A motorcycle that was paid for on a credit card can not be repossessed considering the credit card company paid the dealer. You must pay the card company back though or they can take you to court.
Will car come off your credit if repositioned car is resold?
If you mean repossessed, sorry, no. Doesn't matter if it was auctioned off or re-sold to anybody else, if you didn't make the payments (on time or not at all) that will still reflect on your credit, badly for 7 years.
How bad does it affect the cosigner's credit if the borrower has the car voluntarily repossessed?
It has the same effect on the credit.
Does executors credit affect sale of decendents house?
The credit of the executor has no bearing on the credit of the estate. It is not his property in question.
What is Georgia's Own Credit Union mission statement?
Georgia's Own Credit Union
If your car was repossessed and then you paid it in full how can you get the credit report to reflect it as paid instead of a charge off?
YES, ALL events relating to account activity should be on the CR. If the negative reports can be on it, the postitive can. Contact the CRB and get the info to add it.
As a cosigner can you have a vehicle repossessed without affecting the cosigner credit rating?
Nope.
If a car was repossessed how long does it stay on your credit before it is removed?
7 years
