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When you cosign can you send the car back and pay the depreciation value so it won't reflect badly on your credit?
Wiki User
∙ 17y ago
No. When a vehicle is repossessed either voluntarily or by the lender, it must be sold at public auction for the fair market value or as close to that amount as possible. Any deficiency between the sale price and the loan balance will be the responsibility of the primary borrower and/or cosigner.
Wiki User
∙ 17y ago
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Does credit ckecks hurt your credit score when buying a car?
if you get more than one credit check in a given period of time it will reflect badly on your credit. you have the right to take your credit report with you once you authorize someone to pull your credit. then you can take that to another dealer if you are car shopping rather than having a bunch of people pull your credit. good luck!
How is your credit affected if you marry someone with bad credit?
Badly
Will car come off your credit if repositioned car is resold?
If you mean repossessed, sorry, no. Doesn't matter if it was auctioned off or re-sold to anybody else, if you didn't make the payments (on time or not at all) that will still reflect on your credit, badly for 7 years.
How does a repossession affect your credit?
It hurts it very badly.
Does it hurt credit to do debt management?
If you manage your debts well, that will be good for your credit. If you manage them badly, then yes, your credit will suffer.
How badly does a voluntary reposession hurt a co-signer's credit?
A repo is a repo is a repo, credit wise.
How does one do a credit history check?
One does a credit history check by running a credit report. There are three major credit bureaus which handle this, and the most complete history is obtained by running a report through all three. There are ways to do this for free at least once a year. Once the credit history report is run, then the report should be looked over and any mistakes, particularly ones which reflect badly on the creditor, should be corrected.
Does bankruptsy hurt your credit score?
OF Course it does! IF you just got bankrupt it does hurt your credit score really badly!
What does a collection agency do to your credit?
They don't do anything. Failure to pay bills causes credit to be reported badly and your credit score to go down. All a collection agency does is go after you for the money.
What happens if you spell something wrong in a business letter?
First, it will reflect badly on the company if mailed. Second, you should re-type the letter.
What happens if you don't pay your car loan?
The repossess the car, can get a judgment against you and your credit is badly damaged.
Is it a valid concern of the Employer that agreeing to the Union proposal would reflect badly upon it especially if the employer is a government agency?
The employer agreeing to the Union proposal would not necessarily reflect badly upon it, especially if the employer is a government agency. The majority of employees would prefer to work through a Union. The only bad aspect for the employer would be the requirements that have to be met per employee that is apart of the Union.
