Stop House Repossession

hi im a 23 yr old male i live in NY. back in 2006 i moved to florida and it didnt work out, a year after i moved i was evicted from my apt and i drove back home to NY with a car i was financing from a buy here pay here dealership in florida. i couldnt afford the payments on it and they hired somebody here to reposses it.

my question is how does this eviction affect my credit? becuase i moved to a diff state can it still look bad? can they still make a judement against me althought i moved out of state?

and my car repossession…i havnt recieved a notice in almost a year about money that i owe, do i still owe this money? can they make a judgment against me even though i moved out of state?

i have a wonderful gf and i have never told her about this. i would like to marry her someday and im afraid that my credit will not allow me to buy a house and all that good stuff that married people do? does anybody out there have advice???

hi im a 23 yr old male i live in NY. back in 2006 i moved to florida and it didnt work out, a year after i moved i was evicted from my apt and i drove back home to NY with a car i was financing from a buy here pay here dealership in florida. i couldnt afford the payments on it and they hired somebody here to reposses it.

my question is how does this eviction affect my credit? becuase i moved to a diff state can it still look bad? can they still make a judement against me althought i moved out of state?

and my car repossession…i havnt recieved a notice in almost a year about money that i owe, do i still owe this money? can they make a judgment against me even though i moved out of state?

i have a wonderful gf and i have never told her about this. i would like to marry her someday and im afraid that my credit will not allow me to buy a house and all that good stuff that married people do? does anybody out there have advice???

Like alot of people right now, my family has hit really hard times, my husband’s business lost all work, we’re both working now but with very limited income. We have tried to make thngs right with our creditors, we’ve sold our house, and are thankfully walking away with some money, but cannot afford to pay the rest of our outstanding debt off. We have some repossessions (business related in his name) against us, medical bills, credit debt, etc. We need a place to live, and looking at houses that are less expensive than our old one, between $40,000 to $115,000, but wondering what are our options, if any, if we could pay down $15,000-$20,000? Due to our outstanding enormous debt, we’ll more than likely have to file bankruptcy anyway. The money we will get from the sale of our house is absolutely all we have, and we’re also looking into renting, and possibly moving in with relatives. We are a family of four, with 2 small children and pets, so it’s hard infringing on someone else’s home, I’m consumed with worry and can’t see what’s ahead. Any info about credit and what is an option for us would be much appreciated, thank you.

My husband’s car was repossessed six years ago. It has since passed the SOL and it will fall off his credit report in one year. Mistakenly he may have reset the SOL by talking to the collection agency and acknowledging the debt. Maryland law is a little confusing in regards to resetting SOL. When his car was repossessed he owed the original creditor about $7000 the balance has now gone up to $39000. We REFUSE to pay that amount on a repossession. They were willing to settle for $13000 which still seems like a lot for a old debt. My questions are, Did he rest the SOL by acknowledged debt, we have not sent off any payment or put anything in writing all communication has been over the phone? Since this is the only thing on his credit should he settle in order to buy a house now? Or should we play the waiting game and wait a year for it to fall off his credit report before buying a house? The main motivation in buying a house now is that the market is good for buyers and we have the money now to buy a house. Any answers would be helpful.
Good Advice so far and to Cat Dad it seems that sometimes during the day are more active than others. So that is why I asked the question again, hoping to get more responses. I really don’t see the problem with wanting to reach more people for more advice : )
Just because I repost does not mean you have to REspond. But Thanks!!!

Last night I watched a program about the above where we were told that the party was over.

People were borrowing money too much and could not afford the re-payments for what they owe.

House repossessions were up and were going to go up massively in the next few years months/years.

Now what I would like to know is…
When you pay back your loan you pay back the amount you owe (obviously) and you are charged an interest rate.

Now does the bank who are lending this money get this money or do (as I was lead to believe) does the Government get this money-or a percentage of the interest rate?

The Government will always try and screw the last bit of money out of us-hence I always think that is the reason why the Government was so eager to lend us all money.

Am I right in thinking this? Or can someone put me in the picture a bit more.

Thanks

Someone recently told me that if you at least attempt to make payment on loans or debts that the items can’t be repossessed is this true? Like if you make partial payments on a house or auto loan can they take the property?
I’m not sure if this person is correct and I am not having luck with research. It’s just informational more than anything to see if this person is telling the truth.

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I owe 8000 on a repossession. I’m paying $175 a month. If I settled I could pay $5000 or $6000. Should I get a personal loan for this amount? The financing co. says that if I pay the settlement they will “remove the derogatory marking from my credit report” I ask because I am thinking about buying a house or at least moving to another apartment and the bank says that I can’t be considered without paying off the reposession. My credit score is 640. Thanks.

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We have a house, but the loan is only in his name, my name is on the deed, because we are married, but if we lose the house due to bankruptcy or foreclosure, will it affect my credit also. (We live in the state of Missouri).

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Basically: (before she met me) she bought a used car, it was a lemon. Didn’t have the money to repair it and it got impounded. Didn’t have the money to pay the impound fees, so the lender or whoever told her to let them auction it. However, she still had the pay the remaining balance, it was a bad deal, and she thought she was being responsible but it ruined her credit. That was in mid 2004.

Problem now is she has a red flag for 7 years. Everything else on credit report is fine, she could probably get 700+ score with a little work – but the repo will affect our ability to get a mortgage in a couple years when the house prices drop more and we decide to move. What can we do? She can’t dispute that it happened, but we need to remove it somehow.

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about a year ago, i purchased a bike loan for 15000 for my friend. i purchased it for him because i had very good credit. he agreed to pay the loan and switched the payment to his house address. he paid some payments but stopped paying in september. now the bike has been repossessed. he did not tell me about it. but i was not notified at all on my address that i had given when i had signed the contract with the bike creditor bank. i recently found out when my credit limit on a credit card was lowered and they sent me a letter. but nothing was sent to me by the bank that i had the loan from. is there any way to fix this problem or dispute with creditor or anything. any suggestions

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