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What are the chances of getting a new car loan after a repossession?
Wiki User
∙ 18y ago
it depends on how long the repo and you interest rate will be real high
Wiki User
∙ 18y ago
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Can you get a personal loan after a car repossession?
You might be able to get a personal loan after a car repossession. However, you would get the loan at a very high interest rate one the repossession is on your credit report.
How long after repossession can you get a car loan?
The repossession stays on your credit report for 7 years.
Can they repossession your car from a title loan?
Yes. They can! The car is their equity basically!
Will a car loan affect chances of getting a school loan?
In the US, no it won't. Your credit and job history do not play a part in student loan eligibility.
Can you got to jail for keeping a car from a title loan repossession?
yes you can
Can you get a car loan with a co-signer if you have a repo on your credit?
You should be able to get a car loan with a qualified cosigner. Even with a repossession on your credit you should be able to finance a car loan.
Can you buy another car while your other car is in repossession?
Yes. But you might have a difficult time getting a loan for it. If you just go pony up for a "beater" to get around in, you shouldn't have a problem.
What if you are getting your car repoed but you dont have the car?
Then tell the Repossession agents where it is and who has it.
Does applying for a car loan affect your chances to get a home loan?
It does if you get turned down.
How do you get out of a car loan that you don't want anymore?
Pay it off, voluntary repossession, sell the car and pay it off.
Can you be sued for a car that has been repoed?
If your car was repossessed, they will sue you for the difference in what the car sells for and the balance on the loan, plus repossession fees.
Can you be taken to jail for a car loan being overdue?
No. A car loan is a civil as opposed to a criminal matter. Being behind on a debt is not a criminal matter, therefore you cannot be arrested for it. Never the less, if you are behind on a car loan and if the loan is secured by a lien on the car, you may be arrested if you interfere with the loan company's attempts to repossess the car, provided that state you are in has laws that make it a crime to interfere with a repossession. But even in this instance, you are not subject to arrest for being behind on the loan, you are subject to arrest for interfering with the repossession.
