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If you bought a used car and want to return it and buy a cheaper one will it ruin your credit?
Wiki User
∙ 15y ago
What makes you think you can just return it. You can't. You bought it, you own it. Now if you are talking about doing a voluntary repossession, of course it will ruin your credit for 7 years. A repossession is a repossession, voluntary or not.
Wiki User
∙ 15y ago
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Can you return a new truck without getting bad credit or getting into legal problems?
Return it to who? The truck is owned by the bank or lending institution. Returning it to them would for sure ruin your credit with that bank. You will also be responsible for the difference in what the bank sells the vehicle for and what you owe. Don't do it. Let someone take over the payments if you are in a bind and are unable to keep up payments. Talk to the lending agency and work something out. It is very easy to ruin your credit and not so easy to repair.
Can a Debt Collector Threaten to ruin your credit?
Technically, you have already ruined it. They are just going to report it. If that is what you mean by threaten to ruin your credit, then yes they can. Legally.
How does a magnet in a credit card work?
Magnet's ruin credit card's smarts! the reason why is just because. there is nothing else to it!
Does a debt being turned over to a collection agency ruin your credit?
Yes.
Will running your credit ruin your credit if you have no credit?
That would require a best answer. Visit the site to know exactly the process and answer. yazing .com/deals/lexingtonlaw/mariocassy
On the not paying for unsecured credit cardsWhat if you do not pay themAnd you and your wife are now on disabilitywhat can they doAccept charge off and ruin your credit?
Yes
Is there a credit counseling program that won't ruin your credit score?
Their are several credit improvement programs available online for free. You dont have to report credit counseling services so it shouln't affect your credit score.
If someone has full insurance on a 2005 Yamaha in Arkansas and he wrecked it if his insurance fixes it is there a return policy that will allow them to take it back and not ruin his credit rating?
Read this question yourself as if you don't know the details of this scenario. What has having a wreck and the insurance fixing the bike, have to do with ruining his credit. What do you mean by, "them to take it back". Why would the insurance company want to take it back? Do they hold the loan on the bike? The bottom line is that a repo is a repo. It is always a bad deal and will always ruin your credit for 7 years. Do not allow the bike to be repossessed.
Can mistakes you made when you were under 18 ruin your credit?
No! You should contact the credit bureaus immediately by mailing letters "by registered mail" if anything appears on your credit report when you were under 18.
Can you return the co-signed car to the dealer?
Sure if you want to ruin your credit and end up paying the difference between what the car eventually sells for and what you owed on it. Don't do it!!! If the dealer is not the lender then he is not envolved with this in any way whatsoever. Talk to the lender and work something out.
How can a cybercriminal harm a person whose personal information he or she has stolen?
they can make personnel with there information and ruin there credit for them.
How can car debt affect the rest of your life?
Failing to make payments on a car loan could ruin your credit.
