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How does reposession affect obtaining a home loan?
A repossession ruins your credit for 7 years. This will have an adverse effect on any loan you may try to obtain.
What can they do to you if you don't pay your credit card bill?
It depends on how much you owe the credit card company. If it is under 3000.00 they will sell it to a collection agency who then can take you to court. It ruins your credit. If it is over 3,000.00 they can go to court (usually without your knowledge) and put a garnishment on your bank account. You go to the bank one day and surprise..no money. They will leave the levy on your account until the amount owed(plus interest) is satisfied. The bank has to do this if there is a court order. Your best bet is to call the bank or credit card company and try to work out payments. Retired Credit Collections Supervisor
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.
What does a credit department do in a bank?
credit department handles the credit granting, credit collection and credit limits of their applicants
What is the adverb for credit?
Credit and Debit cards, Credit.
What happens if your niece defaults on a loan you have cosigned?
you have to pay the amount. You co signed so it ruins your credit. take her to judge judy to get your money!
Is bankruptcy a felony?
No, in any way, shape or form. It is an entirely legal thing that provides court protection for someone (or company) needing it. The main downside is that it ruins your credit, though bad credit is not a crime.
How does reposession affect obtaining a home loan?
A repossession ruins your credit for 7 years. This will have an adverse effect on any loan you may try to obtain.
What country is the city of pompeii located on?
The ruins of Pompeii are located in Italy.The ruins of Pompeii are located in Italy.The ruins of Pompeii are located in Italy.The ruins of Pompeii are located in Italy.The ruins of Pompeii are located in Italy.The ruins of Pompeii are located in Italy.The ruins of Pompeii are located in Italy.The ruins of Pompeii are located in Italy.The ruins of Pompeii are located in Italy.
Is it grammatically correct to say 'The Ruins of Windsor is' or 'The Ruins of Windsor are'?
Ruins is plural so the grammatically correct form is The Ruins of Windsor are
If you have two years left on a leased vehicle but you can no longer afford the payments can you return the car to the dealer?
You will have to pay any balance due after the car is sold and then it ruins your credit.
Who owns ancient ruins?
Ancient ruins are owned by the Government of the country that the ruins are found.
What happens if I don't pay for my car?
Usually you can miss one payment and they will just tack it on to the next months bill with penalty and late charges. If you continue to miss payments they will take your vehicle away from you and it ruins your credit.
Is ruins a noun or verb?
The word 'ruins' is both a noun (ruin, ruins) and a verb (ruin, ruins, ruining, ruined). Examples:Noun: The Roman ruins at Baalbek, Lebanon are truly fascinating.Verb: That shabby sofa ruins the appearance of an otherwise attractive room.
What is a sentence with the word ruins in it?
the boy ruin his homework because he colored on it
Where are the unown ruins?
There is no place known as Unown Ruins, but you can find Unown in Solaceon Ruins in D/P/Pt and Ruins of Alph in HG/SS.
What is solaceon ruins for?
the solaceon ruins are an optional dungeon for catching the unown. just like the ruins of alph
