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you can not have true info removed legally from your credit report.

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โˆ™ 2011-09-13 13:47:47
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Q: What steps do you take to repair your credit after a repo?
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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.


Repo how long will it take to get on credit report?

If your vehicle is already up for repossession, it is already on your credit report as a delinquent or defaulted debt.


Can a repo company take possession of vehicle from a place of business like an auto repair shop?

Yes.


How would RV repo hurt credit rating?

How could it NOT hurt your credit rating? I'd say that you could easily slide 200 points having an RV repo on your record, and it could take years to recover from it.


What happens to your credit with a voluntary repossession?

A voluntary reposession reports on your credit report as a loss. The car company with take the car back and credit a portion of the balance which the owner/leaser still needs to pay on. The creditor will place the "voluntary Reposession" on credit bureau. All in all it will be reported as a charge off debt. If the original owner/leaser doesnt pay the remainder he/she can/will be collected from and could face legal action. A repo is a repo voluntary or not. Ruins your credit for 7 years. What generally happens is that it will be reported on your credit as a repossession. When you go for financing on something else, the repo will pop up and the potential lender will call the lender who reported the repo. When they find out it was a voluntary, it may actually lessen some of the blow of having a repo. But, yes, a repo is a repo.


Is it possible to reset my credit history score?

No, there is no way to reset your credit score. If you are serious about restoring your credit, start by contacting your debtors and making payment arrangments. It also sounds like you should contact a credit advisor to learn how these decisions affect your credit and how you can take steps to move in the right direction to repair it.


If you call your motorcycle lender and tell them to come and take the motorcycle because you can't afford it anymore will that go on your credit as a repossession?

The same thing. A repo is a repo. Your breaking the contract.


Does paying off a deficency on a repossesion take it off your credit as a repo?

NO. What this will do is satisfy the debt only. This will show in favor on your credit, but it will still show as a repo. You are better off paying the debt. If you are doing this, make sure to have them issue a satifaction of debt letter to the credit bureaus. This will increase your score.


How long does it take to improve your credit score if you follow all the generally recommended steps?

It can take about a year to fully take care of your credit.


How can someone repair their credit score?

There are a number of steps one can take to repair their credit score rating. Some of those steps include paying off all existing debts or setting up a payment plan to cover them, and to apply for and use a credit card wisely to slowly build up a good credit score again.


What services does Credit Repair Lawyers offer?

Lexington Law is leading credit repair law firm. Lexington Law offers helps you take action and repair your credit. Lexington Law has helped clients remove millions of collections, late payments, cahrge offs, liens, bankruptcies & more from their reports stfly.me/IpaQt1n


If you are current on payments and leave a car at the dealer because you are way upside down does it hurt your credit?

Usually, your CR isn't great before you take an "upside down" loan. But, YES, it hurts your CR. A repo ia a repo is a repo on any CR.


If a repo now shows up on a credit history with 'charge off' does this mean that the balance needs to be paid off even if the repo was two years ago?

Yes it will need to be paid, the good news is the bank will more than likely take a settlement, and only offer to pay them the settlement if the take the repo and chargeoff off your credit, the will play ball!:) for more info on repossessions, you can goto my website at www.stoptheREPOman.com


If you are a cosigner on a loan will a loan company repossess the vehicle then let you pay it off and take possession without ruining your credit?

Contact the lender and let them knoiw that if ANY case the debtor defaults to notify you so you can payoff the loan. Add that you will payoff after repo with NO repo reported on YOUR credit.


What steps should I take to troubleshoot my dishwasher not draining?

Phone up a repair man.


How do you repair credit score after bankruptcy?

You can repair your credit score by removing the negative items that have been including in credit repair through the dispute process. You can also remove bankruptcies by disputing, but it will take some time before you are able. You also need to create new credit by opening a credit line and credit card with you bank. Most of all it will take time.


What are the penalties for not paying a title loan?

they would more than likely take your car!! Repo your car and bad mark on your credit history.


Are credit repair agencies a good idea to repair credit?

They can be a great idea. Credit repair is something you can do for yourself for free, however it can be time consuming. If you feel you do not have the time or patience to do it yourself, or that your time is better spent doing other things, then hiring a credit repair agency to do the work for you makes sense. After all, we can change the oil in our vehicles, but how many of us out of conveniece take the vehicle into a mechanic to do it for us? Credit repair agencies are great for convenience.


What steps can you take to remove a bad credit rating?

The best way to improve your credit is to pay all your bills on time everytime.


What are some recommendations for credit repair?

Lexington Law is leading credit repair law firm. Lexington Law offers helps you take action and repair your credit. Lexington Law has helped clients remove millions of collections, late payments, cahrge offs, liens, bankruptcies & more from their reports here: cutt.ly/ejoE7YG


Can they still put it on your credit report as a repo if you paid off the loan within 24 hours after they took the car in California?

They reported what happened (a repo). Yes!!!! You should have never let it get this far. Take care of your business. Unlike the repo guys who are perfect and never make a mistake we mere humans are mortal and do err from time to time so please bear with us ...painful as it is for you(of course most repo morons couldn't make it as auto wreckers so what does that tell you). Yes lenders will put a repo on your credit regardless of what they may tell you and it stays on.You can write a letter to the credit reporting agency and dispute it.


What are the benefits of a credit repair course?

Lexington Law is leading credit repair law firm. Lexington Law offers helps you take action and repair your credit. Lexington Law has helped clients remove millions of collections, late payments, cahrge offs, liens, bankruptcies & more from their reports cutt.ly/RjWjHQi


Who will give you a credit repair loan?

Lexington Law is leading credit repair law firm. Lexington Law offers helps you take action and repair your credit. Lexington Law has helped clients remove millions of collections, late payments, cahrge offs, liens, bankruptcies & more from their reports cutt.ly/9jxgAB5


What are quick ways to repair your credit?

Lexington Law offers helps you take action and repair your credit. Lexington Law has helped clients remove millions of collections, late payments, cahrge offs, liens, bankruptcies & more from their reports yazing.c om/deals/lexingtonlaw/PredragV