What are the adverse side affects on your credit report for having a car repossessed?
Asked in Repossession, Co-signing, Credit Reports
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?
Does having an automated teller machine affects the business credit card processing?
Having an automated teller machines really affects the business credit card processing,because through ATM people will just withdraw an amount to pay directly what they got and they have a control everytime they want to buy something because they know that they will pay it with cash and not to be charge in credit cards.Finally, improper use of credit cards can be a big risk.
Asked in Law & Legal Issues
Can your car be repossessed due to no registration?
In Virginia can a credit company repossess your car and still demand the money owed above the value of the car?
When your car is repossessed, they sell it for what they can get. Value has nothing to do with what price it brings. They simply get what they can. You are then responsible for the difference in the amount they sell the car for and the balance on the note. Your credit is then ruined for 7 years. This is why having a car repossessed is a horrible idea, and should be a last resort.
Asked in Repossession, Mortgages, Credit Reports, Credit
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.
Asked in Cars & Vehicles, Repossession
Is a wife responsible for a repossessed car if husband cannot pay balance due to not having a job?
Asked in Personal Finance, Credit and Debit Cards, Credit Reports, Improving Your Credit Rating, Money Management, Credit
Can having to many credit cards with no credit balances reduce your credit score?
Asked in Repossession
If your driver's license is suspended can your car be repossessed?
Asked in Human Anatomy and Physiology
Are people with ADHD unintelligent?
Asked in Cars & Vehicles, Repossession, Tennessee
Is it true that a lender cannot put a repo on your credit if the car is being repossessed at a repair shop having actual repairs done?
If someone is looking for a car that is going to repossessed and you drive it. Can you be arressted?
No you will not be arrested. Turn the car in if you are not going to make the payments. Having you car repossessed is a horrible idea, if there is any way you can avoid it. Talk to the lender and see if you can work something out. Remember you will still owe the balance on the difference in what they sell the car for and what is owed. Plus you credit is ruined for 7 years.