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Car repos result in a balance due once the vehicle is sold at auction. If the creditor has won a court judgment you would not be able to remove it. Your best strategy is to act prior to the judgment by offering a settlement. See "working with a collection agency in So you want to fix your credit huh".
www.wowifixedmycredit.com
What else can I help you with?
How can I remove a car loan from my credit report?
To remove a car loan from your credit report, you can start by contacting the credit bureaus and providing documentation that the loan has been paid off or closed. You can also reach out to the lender to ensure they report the updated information to the credit bureaus. It may take some time for the loan to be removed from your report, so be patient and monitor your credit report regularly.
Why is my paid off car not showing on my credit report?
Your paid off car may not be showing on your credit report because auto loans are not always reported to credit bureaus. If your lender did not report the loan, it will not appear on your credit report.
How can a car repossession be on your credit report when your car was not repossessed?
By mistake. Waste no time contacting the credit reporting companies, and demand that this entry be removed from your credit report.
If a car is repossessed and you pay the balance after they sell the car do they remove the Repo in your credit report?
Do they? NOT usually. CAN they?? yes, if you convince them to. reporting a repo is reporting a fact. The repo DID happen. They report the payoff. That is a fact also.
If you get a cosigner when purchasing a car will it show up in your credit report or the cosigner's credit report?
It will appear on the CR of both parties.
Buying a car from a buy here pay here dealership can they garnish your wages or send it to the credit bureau?
If they get a judgment they (or anyone they sell your debt too) can garnish yourwages and yes they will report it to a credit bureau.Try too buy a used car and pay for it outright you will save alot of money.
What does your car credit look like?
To know how it looks you will need to get a credit report, which can be acquired online or at your own bank. Equifax, Freecreditreport or Credit Report online
Where can you download the free credit report songs?
http://www.supload.com/music/Free-Credit-Report-New-Car-download-WDVSS37MIOSL.html
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.
How do you remove a repossession from your credit report?
There are 2 ways to remove a repossession from your credit report. You can dispute it to the credit bureaus under the FCRA and they have 30 days to verify the listing or it must be removed from your credit reports or you can contact the creditor that repossessed the car and negotiate the removal of it upon payment of any money owed. The entry is likely to be changed to late, but paid. Most of these fall off after 7 years.
Does a repossession stay on your credit report if you get the car back?
YES
How bad does a car repossession affect your credit report?
A Lot.
