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The repossession stays on your credit report for 7 years.
What else can I help you with?
Can you get a personal loan after a car repossession?
You might be able to get a personal loan after a car repossession. However, you would get the loan at a very high interest rate one the repossession is on your credit report.
Once the loan goes to the repossession department how long do you have before they take the car?
as soon as they can find it
Can they repossession your car from a title loan?
Yes. They can! The car is their equity basically!
What are the chances of getting a new car loan after a repossession?
it depends on how long the repo and you interest rate will be real high
Can you got to jail for keeping a car from a title loan repossession?
yes you can
When filing for bankruptcy and including the car how long is it before the creditor collects the car and how does that work?
The loan company can repossess any car that the payments are delinquent on. Your BK does not prevent repossession of your car.
Can your car be repossessed after filing bankruptcy if you are up to date on payments?
On the surface, no. As long as you have not defaulted on the loan contract, there is no reason for repossession. The lender wants your money, not your car.
Can you get a car loan with a co-signer if you have a repo on your credit?
You should be able to get a car loan with a qualified cosigner. Even with a repossession on your credit you should be able to finance a car loan.
Can you be threatened with repossession for having been arrested?
You being arrested has no bearing on your loan. As long as you make the payments on time there will be no repossession. The loan company does not care if you are in jail as long as they get their money.
How do you get out of a car loan that you don't want anymore?
Pay it off, voluntary repossession, sell the car and pay it off.
Can you still qualify for an FHA loan if you have had a car repossession in the past?
Yes, you can still qualify for an FHA loan even if you have had a car repossession in the past. However, the repossession may impact your overall credit history and could affect your ability to get approved for the loan. It's important to work on improving your credit score and demonstrating responsible financial behavior to increase your chances of approval.
How long does the repossession process of a car usually take?
The repossession process of a car usually takes about 6 months
