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What bad things go on your credit history if a vehicle is repossessed?
Wiki User
∙ 19y ago
Slow pay, repo, and it gets worse from there.
Wiki User
∙ 19y ago
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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.
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 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
How long do negative things stay on credit history?
7 years
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…
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.
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.
What can be done to clean up a person's bad credit history?
The things that are able to be done to clean up a person's bad credit history include the following: contacting creditors or seeing a credit counselor and paying one's bills on time.
How long after your car is repossessed can you get finacing for another vehicle without a large down payment or going to a buy here pay here place?
This question can not be answered in months, days and hours, it depends on several things. How much do you consider LARGE,ect. how well you do at rebuilding your credit rating, how well you know the loan officer. Could be 6 months or 6 years.
What are the things that credit card companies look for when you are looking for approval for a card?
Besides for your previous credit history, credit card companies may be looking at your criminal history, length of time at current residence, time at your current job, total annual income, and many other factors for approval of your credit line.
What happens when the co-signer on a vehicle loan is unable to pay off the car loan after the vehicle has been repossessed from the primary owner?
the same things that happen to the primary signor. Judgements, garnishments, leins, ect. You are learning to hrad way about co-signing. Good Luck
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.
