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Make sure it is recorded correctly with your creditor and the local credit bureau
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∙ 18y ago
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If the lienholder repos car due to default and you never missed a payment and continue paying off car is that no different than a regular repo?
When it gets to your CR, a repo is a repo is a repo. Theres only one.
Making car payments can your car be repo?
If your paying for the car, they cannot!
Can your car be repo if you have no insurance?
The repo man will not care if your car has insurance or not. If you haven't been paying for your car, the finance company or bank will take their car back.
What happens if you stop paying your car loan?
Repo.......homo
Will paying off a repo car fix your credit?
It won't fix it, but paying off any remaining debt from the vehicle should help your credit rating. Unfortunately, a repossession will linger on your credit report for about 7 years.
Did Luis from operation repo repo a car from shorty off of pit boss?
Yes, he sure did.
Can the bank repo a car that has a mechanics lien on it without paying mechanic?
No, not in Oklahoma anyways.
If you pay your entire balance after your car is repossessed and the car is returned to you why will the lender report negative on your credit report?
Paying the car off was good but having to repo it to get it paid off was BAD or negative. the lender did report that it was PIF,HUH?? So they reported the good and the bad.
How long does a paid off car repo stay on your credit report?
7 years from the date of repo.
Can the repo people keep belongings inside the car?
Yes. once they repo the car the only was to get items back is to pay off what you owe
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.
If a repo company comes to get your car can they still take your car if you pay the amount owed before they have a chance to get the car?
as long as you are in DEFAULT of the contract, they can repo the car. Dont forget the time element involved between you paying up and the repo co. being notified that you did pay. Have your reciept ready to show the repopeople that you DID pay and WHEN.
