Having a good credit report means it will be easier for you to get loans and lower interest rates. Lower interest rates usually translate into smaller monthly payments. I can provide you loan, but what type of loan you want. Reply with you location that where you live.
Nope, that is why you had to be co-signer. The bank was concerned that the loan might go into default and they wanted to be protected. If you took on the obligation you will be held responsible.
Your cosigner's credit report should also reflect the loan. In this case, it should show as paid on time as agreed.
Only on your CREDIT REPORT. DMV doesnt care how you got it or got rid off it, as long as ya dont steal it or sell before ya pay for it.
7 years if there is no "new action" on the particular account. "New action" means if you were to start paying on it or if the financier were to get a Court judgment on the loan. By the way.......A voluntary repossession (turning in the car before it go to collections) is the SAME as a regular repo. It will be listed on your credit in the same manner unless tou have negotiated a new termination clause wiyh the lender.
It is possible but not advisable to break a lease on a car. The car would be repossessed, and the repossession would go on your credit report.
If your power gets shut off and you go in and pay the bill current, did your power get shut off?
Yes, a bank loan will show up on your credit report if the bank you borrowed money from reports to the credit agencies (practically all of them do). If you need help cleaning up your credit go to http://www.creditscoresystems.com for free sample letters you can use to send creditors and credit reporting agencies.
Before you apply for a mortgage you need to get an updated copy of your credit report to make sure the information on it is accurate. If you have applied for a loan and have been turned down, ask the lender why. They will go over your credit report with you to discuss any negative impacts on your report. If you cannot find a lender who will approve you for a mortgage, look into a FHA loan. These are a federally insured loan that usually only require a 2% down payment.
If you continue paying your bills on time and work on lowering your debt your score will start to go back up.
A repossession on your credit is NOT GOOD. Avoid it if there's anyway possible. You say the car is SOLELY in your name?? GO GET IT and sell it.
Will effect your credit report and probably go into collections. Prepare for phone calls now.
Yes, you can get Bad Credit Loan.