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If your vehicle is already up for repossession, it is already on your credit report as a delinquent or defaulted debt.
What else can I help you with?
What steps do you take to repair your credit after a repo?
you can not have true info removed legally from your credit report.
How long does dispute take on credit report take?
A dispute on a credit report can take up to 60 days to be resolved.
Does a repo show on your credit when you voluntarily return it?
Yes, a repo is a repo whether you give it up or they take it.
How do you remove a false charge off date from your credit report if the date was reset from the original?
You can have a credit dispute, if the agency reporting the bad judgment does not get back with the company disputing the judgment within 30 days, it HAS to be removed from your credit report. Example: I filed bankruptcy(?) on a auto repo. and the company did not take it off my credit report, I had my credit card company do a credit dispute, they did not respond within 30 days, and it was removed from my credit report.
How long does it take the credit score to go back up after receiving a credit report?
40,000,000,000
How long does it take to hit your credit report after purchasing a vehicle?
It takes at least six months to hit your credit report after purchasing a vehicle.
How long does it take for negative credit information with the exception of bankruptcies to be cleared from a credit report?
33
How long does a debt judgment take to land on credit report?
5 months
How long will it take to show something paid off on your credit report?
Now, not too long. Check with the company you owed and see what credit agencies they report to and then contact the agencies directly.
How long does it take to get an instant credit report?
Obtaining a instant credit report can take about a few minutes. Maybe about 3-5, this is simply the amount needed to fill out the personal information.
What happens to your credit with a voluntary repossession?
A voluntary reposession reports on your credit report as a loss. The car company with take the car back and credit a portion of the balance which the owner/leaser still needs to pay on. The creditor will place the "voluntary Reposession" on credit bureau. All in all it will be reported as a charge off debt. If the original owner/leaser doesnt pay the remainder he/she can/will be collected from and could face legal action. A repo is a repo voluntary or not. Ruins your credit for 7 years. What generally happens is that it will be reported on your credit as a repossession. When you go for financing on something else, the repo will pop up and the potential lender will call the lender who reported the repo. When they find out it was a voluntary, it may actually lessen some of the blow of having a repo. But, yes, a repo is a repo.
If your truck was included in your bankruptcy but it was not reaffirmed however you continued paying on it but you don't want it anymore can you just take it to your creditor and leave it?
If you quit making payments your creditor will reprocess it, the same thing will happen if you just take back to them yourself. Anyway you do this it will show on your credit report. The best thing would be to try and sell it or get someone to take over the payments. You can call the creditor and tell them you do not want it. As long as it was incldued in your bankruptcy and not reaffirmed they must take it back. It can only be marked on your credit report as discharged through bankruptcy not taken as a repo. I did this with my car. Yes, you can do that. You will have to pay a dime. It wll be listed as backruptcy, not a repo.
