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What else can I help you with?
If you do a voluntary repo and get another dealerships car will that hurt your credit as bad as not making any payments for a repossession?
A repo is a repo is a repo.
How will a voluntary repossession affect your purchasing a car within a year from the voluntary repossession?
A repossession is a repossession, no matter if it is voluntary or not. Your credit will be ruined for 7 years.
If your husband decides to voluntary turn in his car voluntary repossession would this affect your credit if it's only in his name?
No it would only effect you if you had originally co-signed with your husband when he got the car to begin with.......Now, the only way it would hurt you is if you guys try to get another car or a house or anything of that nature, but you individually by yourself are not effected, but when you try to do something together with your husband, then YES!! This will hurt you big time
Will it hurt if you voluntarily return my car?
Yes, it can still hurt your credit if you voluntarily return a car. The car company will still put the debt you owe on your credit report if they choose too.
If you have a voluntary car repo while you are in chapter 13 how does it appear on your credit report?
as a repo
Will returning a car when your not the co-signer hurt your credit?
It will not hurt your credit by returning a car as long as you have not signed any promissory documents. It will hurt the credit of the person who did get the car for you..please talk to the lender and to the people that signed for the car before you do anything. The signer might want the car if he/she knows that not only the repo will show up on their credit but also any defiency balance and legal actions.
Why does paying off your car hurt your credit?
Paying off your car can hurt your credit because it reduces the variety of credit accounts you have, which can lower your credit score. Additionally, closing a loan account can decrease your credit mix, which is a factor in determining your creditworthiness.
Does trading a car in hurt your credit score?
Trading in a car typically does not hurt your credit score. However, if you still owe money on the car you are trading in and the dealership pays off the remaining balance, it could affect your credit score temporarily.
Can making car payments in the grace period every month hurt your credit?
No, it won't hurt your credit. In fact it will improve your score.
If you bought a new car and have only had if for 2 weeks with no payments made can you return it to the dealer will it affect your credit score?
You signed a contract and drove it. It is not new anymore. Returning it would be a voluntary repossession and you would probably owe several thousand dollars. Yes, it would hurt your credit.
What does a car repossession do to your credit How can you delete it from your record?
It hurts you credit tremondously. It will stay on your credit report for 7 years, and there is nothing you can do about it. Do not allow your car to be repossed. Voluntary repossession on not any better. Contact the lender and work something out.
If you have a car returned to the bank will it hurt your husband's credit if he is not on the title or loan?
No
