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what happens if i voluntarily return my car to the bank due to job loss
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∙ 11y ago
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If a chapter 7 bankruptcy was voluntarily dismissed not discharged can it be removed from your credit file?
No, it will remain for seven years.
If you voluntarily decrease a credit limit on a credit card does this look bad on your credit score?
i can only give you my opn **IT WOULD LOOK LIKE FOR SOME REASON like your credit card company lowered your limit do not do it. JUDE KAGABINES LEXINGTON SC
What happens when paying off an equity line of credit?
Nothing happens when you pay of an equity line of credit. The equity that you used for your line of credit is now safe.
What happens if you don't pay credit cards?
Interest continues to accrue. Eventually the account will go into default. The collections department of the credit card company will attempt to collect the debt. The default and payment history will appear on your credit reports. Finally, if no recovery is accomplished, the account may be referred to a collections agency who will recover the debt voluntarily, or refer it for legal action and the creditor will try to obtain a judgement. If a judgment is obtained, the creditor will recover the debt by attaching your assets.
What happens if i default into pay my credit card bill?
This could damage your credit score. It will be harder for you to get credit cards or loans in the future.
How bad does it affect the cosigner's credit if the borrower has the car voluntarily repossessed?
It has the same effect on the credit.
Will it hurt if you voluntarily return my car?
Yes, it can still hurt your credit if you voluntarily return a car. The car company will still put the debt you owe on your credit report if they choose too.
Will credit be affected by a co-signer of a car being voluntarily repo?
It shouldn't.
What happens to my credit if I voluntarily give my car back to the bank?
Even if surrendering a vehicle is voluntary, you will still be responsible for the amount owed on the loan after the sale of the vehicle. Most lenders report to the credit bureaus and any unpaid balance will be reported, as will payments made or missed on this balance.
You returned a car to the dealership and its still showing on your credit?
Of course it is. You voluntarily turn the car in for repossession. It will stay on your credit report for 7 years.
Does a repo show on your credit when you voluntarily return it?
Yes, a repo is a repo whether you give it up or they take it.
If a chapter 7 bankruptcy was voluntarily dismissed not discharged can it be removed from your credit file?
No, it will remain for seven years.
What happens when you voluntarily give back a car?
Bad things, among which is ruined credit for 7 years, payment of the balance left on the note after the bank sells your car. Not good things. Don't do it. Call the lender and work something out.
If you voluntarily decrease a credit limit on a credit card does this look bad on your credit score?
i can only give you my opn **IT WOULD LOOK LIKE FOR SOME REASON like your credit card company lowered your limit do not do it. JUDE KAGABINES LEXINGTON SC
What happens to your credit if you voluntarily have your vehicle repossessed?
If the vehicle is sold for enough to cover the loan maybe not much. but lending gencies dont have time or manpower to wait long. You can still be responsible for any balance between the loan payoff and the selling price. and anytime you dont pay any bill, you damage your credit and everyone looks at your credit report, prospective employers, landlords, it can be really bad
What happens when paying off an equity line of credit?
Nothing happens when you pay of an equity line of credit. The equity that you used for your line of credit is now safe.
What is the difference between a confession and a guilty plea?
A confession is a statement where a person admits to committing a crime, while a guilty plea is a formal admission of guilt in a court of law. Confessions can be made to law enforcement or in a private setting, while guilty pleas are made in front of a judge during legal proceedings.
