0
What else can I help you with?
What is charged off loans?
interest
If you have a charge-off written off on your account for a car loan after the 7th year arrives and it is removed off of your credit report can they still repo or require payment on the loan?
Yes you still owe the money. When the account is "charged off" all it means is your account was taken as a loss. They still have the lien on the title and can't repo the unit anytime they want to.
Is it likely that the original lender will accept a settlement offer on a charged off repossession if repo and charge off happened one year ago and you have been making payments?
They wont if you dont ASK or make the offer. Call 'em...
How can you get assistance from your school to pay off debt from student loans?
There are many ways to pay off the debt from student loans. Unfortuneately, I am unaware of any ways for you to get help from your school in paying off these loans. There are some websites that can help you with paying off your student loans.
Will a finance company settle a charged off auto loan since they didn't repo it?
A finance company could settle the auto loan. You simply need to get in touch with the company and make an offer. Be sure to get any agreement in writing.
What is charged off loans?
interest
Can car be repo after balance is charged off at end of loan?
Absolutely, and in most cases it will be!
Car paid in full other unsecured loans charged off bank used cross collateral clause to repo car what is your next course of action?
Call a local attorney for state/case specific advice.
If you have a charge-off written off on your account for a car loan after the 7th year arrives and it is removed off of your credit report can they still repo or require payment on the loan?
Yes you still owe the money. When the account is "charged off" all it means is your account was taken as a loss. They still have the lien on the title and can't repo the unit anytime they want to.
Why are car loans always secured with collateral?
The car can always be repossessed if the owner stops paying off the loan.
What can I do to consolidate my school loans?
You can always ask for an extensions on your loans. This will help you get additional time to pay off your loans. You should talk to your bank that gave you the loan to ask if there is anything you can do.
What is the difference in a charge-off showing on your credit verses a repossession?
In terms of credit score, about 10 points worse. You might pay off a repo so its slightly better than one that you never did anything about and the lender charged it off.
If a car is already charged off on your credit how long do they keep looking for it in California?
Until they find it. If it is charged off on your credit report then the creditor sold the note to a collection agency who will hire a repo-man to track down the car so they can recover it and sell it to make the money back that they paid to creditor for it.
If the repo man is looking for your car is there a way to buy the car from the lien holder for a big discount if it has already been charged off?
This is a great question to ask the LENDER. "Charged off" simply means they have taken a loss for the income they didnt make on the loan. They can still get a judgment for the entire balance due.
Is it likely that the original lender will accept a settlement offer on a charged off repossession if repo and charge off happened one year ago and you have been making payments?
They wont if you dont ASK or make the offer. Call 'em...
Did Luis from operation repo repo a car from shorty off of pit boss?
Yes, he sure did.
Can you repossess a vehicle if it's been charged off on your credit?
Just because the company charged off the account, does not mean that they don't want to be paid...so if the car is still assessible...they can repo it. Charged off on your credit means that it is no longer an active paying account..the company took a loss for that amount. A different department, "Profit & Loss" will take over trying to collect any way possible. Sorry.
