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What else can I help you with?
Does a voluntary repossession affect credit the same way as a reposession?
Yes, there is no difference. A repossession is a repossession.
Can a bank garnishee your wages after a repossession?
Yes
How will a voluntary repossession affect your purchasing a car within a year from the voluntary repossession?
A repossession is a repossession, no matter if it is voluntary or not. Your credit will be ruined for 7 years.
Will a voluntary repossession from your spouse affect your credit?
Yes, but perhaps not as adversely as an involuntary repossession.
How does a repossession affect your credit?
It hurts it very badly.
Does the bank have to provide notification of a vehicle repossession?
No. And neither does the repo man!
How bad does a car repossession affect your credit report?
A Lot.
When your Father passed away how bad will a car repossession affect a cosigners credit?
It depends on how your father's death, the repossession, and the cosigners credit are corelated.
How long does a voluntary repossession affect your credit rating?
7 years.
How can a repossession with a zero balance affect a credit score and can it be removed?
A repossession will significantly lower your credit score, regardless of the balance. It will take around 7 years before the repossession is removed from the credit report.
If you do a voluntary repossession on your auto can your house be taken by the bank if you have no equity in it?
NO. They can't take what you don't have.
How can you avoid a repossession of a car?
Of course the best way to avoid repossession is to stay current with your payments. If that is not possible, don't just ignore it. Call you bank or loan company and explain the problem. Quite often you can reach an agreement that will forestall repossession.
