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Slow pay, repo, and it gets worse from there.

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โˆ™ 2004-09-30 23:08:10
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What is forfeiture

Which of these is the best description of delinquency

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This is Paula's monthly budget What percent of her expenses is spent on insurance

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Q: What bad things go on your credit history if a vehicle is repossessed?
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Can a credit report show settlement then repossession on the same vehicle?

A credit report is a record of all transations on a reported account. In the life of a vehicle loan, many things can happen. Over the typical four to five years, the vehicle may have been repossessed and then redeemed and paid off. In these cases, yes, repossession and settlement can show on the same vehicle, on the same credit report.


How long do negative things stay on credit history?

7 years


What are five things that may affect your credit score?

1. Payment History 2. Amounts Owed (Credit Utilization Rate) 3. Length of History 4. Credit Variance 5. New Credit


Which credit card should people with no prior credit history look for?

When one is looking for a credit card, and that person has no prior credit history, the most important things to look for are low interest and high insurance.


What do they consider when giving an insurance quote?

The rate depends on alot of factors. · Credit History · Prior Insurance Losses · Claims History · Motor Vehicle Record · Year, Make and Model of Vehicle · Annual Mileage · Mileage to Work/School · Age · Driving Experience · Marital Status Among other things…


How did buying on credit cause the Great Depression?

When people would buy expensive things on credit, and then buy more expensive things on credit, when the bill came around they couldn't afford it, and then what had been bought would be repossessed, but oftentimes what had been bought would lose value. thus, causing the great depression


How can you get a credit card with bad credit?

First thing that you have to do is to repair your credit card history. Look for the things that can be fixed. Next thing is to review your current status. There are certain qualifications that credit card companies are requiring for people to have a bad credit card history to have a new credit card.


Do you have to go bankrupt if your vehicle is repossessed?

No,no,no. Different things entirely. Although both mean its well past yimr to get financial control and change your spending/lifesryle habits.


What are some of the major factors they consider when giving an insurance quote?

This is a gay question next!!! The rate depends on alot of factors. · Credit History · Prior Insurance Losses · Claims History · Motor Vehicle Record · Year, Make and Model of Vehicle · Annual Mileage · Mileage to Work/School · Age · Driving Experience · Marital Status Among other things…


Can you get a home loan with only one line of credit?

A home loan is dependent on many things. Down payment, credit score, etc. So yes but if you have little credit history it will be more difficult.


What makes your credit score go up?

Credit scores look at all the typical things. Do you have any credit accounts? You gotta have credit to have a credit score. How long have you had credit? What is your credit history like? Do you pay on-time or do you have significant delinquencies and defaults? A credit report is, in the simplest of terms, a history of how you have managed debt in the past. If that history is positive you will have a high score. If you have a history of not managing debt well, your score will reflect that. Aside from the simplicities, there are tips and tricks to help raise scores. But those won't work if you don't understand and practice the basics; namely, to borrow, then pay back, on time.


What does insufficient credit file mean?

There is not enough credit history for the lender to make a decision. The credit file is a history and if it doesn't go back far enough, or have enough accounts on it, they can't make an informed decision. To solve try to get small things that will appear on your credit, possibly a card with a 500 dollar limit, etc.

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