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Why does an auto dealer want your car back after 5 payments because of your credit?
Wiki User
∙ 15y ago
I'm speculating because I don't know the full details but it could be that the bank did not approve your car loan because of your credit and now they need the car back. (Call them and ask them what happened maybe you need a new car loan.
Wiki User
∙ 15y ago
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What are the disadvantages of auto financing with bad credit?
Having bad credit tells the bank and car dealer that you are a high risk. If you have late or missed payments you'll be charged higher fees and interest charges.
If your auto loan hasn't been updated on your credit score since Oct 2006 and you have made six payments that have yet to show up does this affect your credit if all payments are made on time?
if your payments are made on time, and your lender reports to credit bureau, your credit score might decrease, because your lender didn't report your auto loan. however, once report is made by your lender, following month your credit score will jump a little.
What auto dealer in Delaware or Philadelphia deals with credit acceptance corp?
Carzone
How do i negotiate Financial hardship for auto lease payments?
The only thing you can do is talk to the dealer and explain your situation.
How might one qualify for an auto loan with bad credit?
One might qualify for an auto loan with bad credit by applying for dealer financing. It is best for one to know their credit score before applying for an auto loan.
Can you get the title to an auto whose last two payments were charged off and put on your credit?
I would guess, No.
Where can you get a bad credit auto loan for a car you are buying?
try e-loan.com,wellsfargo,citi fin.,or your local auto dealer.
What auto dealer in el paso Texas work with credit acceptance?
hoy fox toyota
Does Nordstrom credit card offer auto pay?
Nordstrom credit card does offer auto pay. You can make your payments simply by setting up AutoPay online. Where the payment is automatically taken out monthly.
How does making late auto payments or having your auto reposessed affect your credit score?
With a reposession on your credit report it is almost impossible to get another auto loan unless you have not had any negative reports after the repo and you have at least 30% down. It probably lowers your credit score by 100 points.
What does someone have to have to get an auto loan?
Decent credit history, a steady job, a steady residence, and no delinquencies/missed payments.
How do you build a credit history?
You have to establish credit. One way is to obtain a loan through a furnature store or auto dealer. You purchase an item, and even if you could pay cash, take advantage of 'no interest for three months' or other such items to make payments on the item. This will build up a credit rating. One or two credit cards, (Not dozens!) with prompt pay-offs, is always a good thing. If you are renting through a large property management firm, they may report your rent payments to the credit bureaus.
