answersLogoWhite

0

In many cases yes. While the repossession will negatively affect your credit rating, your record still indicates you have had credit. It is actually easier for those with bad creidt to get a loan than those with no credit. It will just cost you more in interest.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

What is the lease repossession law in MD?

http://www.dllr.state.md.us/finance/repossession.htm Contact them, they are very helpful....


Can a leasing company consider it a repossession if you turn a leased car in early?

Yes when a leasing company regains control of an asset it is still considered a Repossession repossession is much easier in a lease agreement than it is in a finance agreement due to the fact that the asset is owned by the leasing company, in a finance agreement you control ownership and the bank only holds security in the asset.


Difference between operating lease and finance leasing?

An operating lease does not transfer the risks and rewards to you (lessee) at the end of the lease period where a finance lease does. So in affect the operating lease can be thought of as renting the asset while a finance lease can be seen as a finance option to own the asset.


What is a finance lease?

Essentially, a finance lease is a type of lease. It is a contract where the lessee agrees to pay installments on a particular asset.


When was International Lease Finance Corporation created?

International Lease Finance Corporation was created in 1973.


What is International Lease Finance Corporation's population?

International Lease Finance Corporation's population is 170.


How do you book a fixed asset that is a lease?

[Debit] Asset Under finance lease xxxx [Credit] Liability Under finance lease xxxx


Will you be able to finance a new car after a repossession?

yes


What is the symbol for Willis Lease Finance Corporation in NASDAQ?

The symbol for Willis Lease Finance Corporation in NASDAQ is: WLFC.


Capital lease and financing lease are the same thing?

Finance lease and operating lease are different things.


How do you work out a finance lease?

how do u work out finance to be repaid


In what year did Willis Lease Finance Corporation - WLFC - have its IPO?

Willis Lease Finance Corporation (WLFC) had its IPO in 1996.