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How badly does a voluntary reposession hurt a co-signer's credit?
Wiki User
∙ 8y ago
A repo is a repo is a repo, credit wise.
Wiki User
∙ 8y ago
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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 does a repossession affect your credit?
It hurts it very badly.
Does it hurt credit to do debt management?
If you manage your debts well, that will be good for your credit. If you manage them badly, then yes, your credit will suffer.
Does bankruptsy hurt your credit score?
OF Course it does! IF you just got bankrupt it does hurt your credit score really badly!
What does a collection agency do to your credit?
They don't do anything. Failure to pay bills causes credit to be reported badly and your credit score to go down. All a collection agency does is go after you for the money.
How is your credit affected if you marry someone with bad credit?
Badly
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 does a repossession affect your credit?
It hurts it very badly.
Does it hurt credit to do debt management?
If you manage your debts well, that will be good for your credit. If you manage them badly, then yes, your credit will suffer.
Does bankruptsy hurt your credit score?
OF Course it does! IF you just got bankrupt it does hurt your credit score really badly!
What does a collection agency do to your credit?
They don't do anything. Failure to pay bills causes credit to be reported badly and your credit score to go down. All a collection agency does is go after you for the money.
What happens if you don't pay your car loan?
The repossess the car, can get a judgment against you and your credit is badly damaged.
Does credit ckecks hurt your credit score when buying a car?
if you get more than one credit check in a given period of time it will reflect badly on your credit. you have the right to take your credit report with you once you authorize someone to pull your credit. then you can take that to another dealer if you are car shopping rather than having a bunch of people pull your credit. good luck!
Does Bank of America give home loans to people with damaged credit?
Bank of America will give home loans to people with damaged credit. It depends on how badly the person's credit is damaged. A person may have to get their credit fixed before receiving a home loan if the damage is too bad.
Which companies will give a bad credit cash advance?
There are nearly no companies that will give a bad credit cash advance. Companies that are able to give this service are monitored by federal groups which prevent them from treating customers badly.
What do you do with your credit card debt if you are leaving USA permanently?
As far as I know it depends which country you are going. Most probably NOTHING! If you owe less than 10K, nothing in the long term. Your credit history, however, will be affected badly.
Does Hungary's government have a lot of money?
No, Hungary has been badly hit by the 'credit crunch' and the Hungarian government has recently received help on a substantial scale from the IMF.
