0
What if the lender can not find any information on repossession that is on your credit report?
Dallastraci
It might not have been turned in. If not, consider yourself fortunate.
Wiki User
∙ 18y ago
Add your answer:
Earn +20 pts
How will voluntary repossession of my home in Texas affect my credit?
The effect on your credit will depend on how the lender chooses to report it to the credit bureau. Sometimes a lender will be willing to report it 'paid as agreed' or 'settled' entry on the credit report rather than an actual repossession. If it is reported as an actual repossession or foreclosure it will be on your credit for seven years and negatively effect your rating.
Which of the following can be a reason for a lender to deny credit?
negative information in your credit report
What does a car repossession do to your credit How can you delete it from your record?
It hurts you credit tremondously. It will stay on your credit report for 7 years, and there is nothing you can do about it. Do not allow your car to be repossed. Voluntary repossession on not any better. Contact the lender and work something out.
Is there a way to remove the negative information from your credit report if you have had volunteer repossession and paid off the remainder?
Best way to do that is to negotiate the removal as part of the payoff with the lender. Otherwise, not likely because it is part of your credit history.
Can you remove a repossession off your credit report if your cosigner has a judgment on the repossession?
No you cannot remove a repossession off your credit report if your cosigner has a judgement on the repossession.
What will a repossession do to your credit report?
A repossession is a serious negative and will drop your scores.
Need to get a reepo off my credit report?
i need to get a repossession off my credit report
Can you get it off my credit report immediately for a reposseion last year?
If the repossession contains unverifiable, incorrect, incomplete, or misleading information, the account may be deleted from your credit report.
If your car is repossessed how does getting it back help your credit?
It won't help much unless you can sweet-talk the lender and convince him to remove the repossession from the credit report. Otherwise, the repossession stays on the record and the only 'improvement' to your credit rating would be the lack of an accompanying past due status.
Does bankruptcy remove a repossession from your credit report?
No.
Will it still affect your credit report if you pay the full costs ten days after repossession?
As a rule, YES. It is up to the lender to post a repo on your CR and most do it automatically.
How long after repossession can you get a car loan?
The repossession stays on your credit report for 7 years.
