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I don't know what you mean by "caused" it, but if you signed the loan papers or signed as a co-signer, you most likely can not get it off. If it was not your debt and you didn't sign anything, you can write a letter to the credit bureau and tell them that you are disputing it and you want it taken off your credit report. If within 30(I think) days , the lender has no objections and does not respond to the credit bureau, they take it off.
Go to this website for more info:
http://www.ftc.gov/
What else can I help you with?
How badly does a voluntary reposession hurt a co-signer's credit?
A repo is a repo is a repo, credit wise.
What happens to your car if it is repo by a payhere buyhere lot?
It's resold to someone else.
If your car is repo and it's in some one else name Is there any way you can get that out that person name so it will not show on there credit because you couldn't pay for it?
Is the loan or the registration in someone elses name??If loan is someone elses name their credit takes the hit there is nothing you can do.If the registration is in someone elses name then they are fine.Hope this helps.
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.
Does voluntary repossession hurt your credit?
YES, on a CR, a repo is a repo.
How do you remove repo from credit if it belonged to someone else?
If the lender has no legal claim against you, that is if you were not a guarantor on a loan (maker or comaker), then the listing on your credit report is in error. You must request its removal in writing to the lender who has listed it and to the credit reporting agency who has it listed. They will have thirty days to either substantiate the debt and its listing, or have it removed.
Does a repo show on your credit when you voluntarily return it?
Yes, a repo is a repo whether you give it up or they take it.
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 badly does voluntary repossession hurt your credit score?
About the same as any repo. The impact is that you couldn't complete the agreement for whatever reason. Same as a repo. A repo is a repo is a repo. That is correct, there is no difference in voluntary and involuntary. Stays on your credit report for 7 years. Don't let it happen to you. It is not that bad ....in fact you can probably get another car just at a higherinterest rate... besides someone has to keep wonk and clay in business.
How long is a repo on your credit?
A repo stays on your credit for at least seven years. However, you may negotiate with the creditor to have it removed earlier.
Can a repo person go on to privte proptry to repo someone else car?
If it's open access, yes. They cannot crash a locked gate or enter a building without permission.
If you have a voluntary car repo while you are in chapter 13 how does it appear on your credit report?
as a repo
