It goes on your Credit History as an incomplete pay history and in the comments sections in the Credit History for that bank they will give the reason for the negative history.
It of course effects your credit score. To learn more about your credit score visit either Experian, TransUnion or Equifax.
If you can not pay for the car, the next best thing would be to return it...
Melanie, ANYTHING that has to do with how you pay your bills will affect your credit. Anything good will help and anything bad will hurt. A repo is on the BAD side and a settlemnt is usually on the...
Hi
Not as bad as you might think. FOr sure, it goes on your credit report, but the way credit people look at it is quite perverse, and I speak from experience today folks.
Now you have had your...