HomeIs there a way to remove the negative information from your credit report if you have had volunteer repossession and paid off the remainder?
Wiki User
2004-04-27 08:47:42
2004-04-27 08:47:42
Best way to do that is to negotiate the removal as part of the payoff with the lender. Otherwise, not likely because it is part of your credit history.
Related Questions
A repossession is a serious negative and will drop your scores.
The remainders are negative if the quotient is.
A subtle point is that the remainder is always a positive number. So -7 divided by 3 is -3, remainder 2 (rather than -2, remainder -1). This is important for the date of Easter because we must often calculate the remainder when dividing into a negative number. Since in that case we are not interested in the quotient it is sufficient to calculate the negative remainder and then simply add to it the number we were dividing by. So -11 mod 3 may be calculated as: -11 divided by 3 is -3, remainder -2, so the number required is -2 + 3 = 1.
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