Beth and Charlotte share their experience of renting from a landlord with money troubles – their flat was facing repossession because their landlord was in arrears.
Tag Archives: affect
How will a voluntary repossession of my car affect my credit?
I’m in a leased car that I can no longer afford. I have a co-signer who has excellent credit that I don’t want to ruin. If I have the car repoed will her credit be affected just as badly as mine?
Repossession doesn’t just affect homeowners
Beth and Charlotte share their experience of renting from a landlord with money troubles – their flat was facing repossession because their landlord was in arrears.
How bad would the repossession by ‘we finance auto’ affect my credit?
I had to buy a used auto from ‘we finance’ like early this year due to no credit establishment. And I have been sucked paying over 200% of the blue book price. And I don’t want to keep paying that because financial situation these days is not really good. If I stop paying monthly payment [...]
How does a voluntary repossession affect your credit?
Here is the deal. I have a $535 per month car note. I can afford it, but I would love to get a lower payment so that I can pay some principle down on my home. The new car note would be $237 or less. Thats ~$298, approximately back in my pocket. Should I take [...]
how does a voluntary vehicle repossession affect your credit?
How points go down? Is it considered a collection? How long does it stay on your record? If a lease, does that payoff go on your record?
what is the difference, if any, between repossession and surrendering my car? how does this affect my credit?
I am moving to Hawaii and it will cost so much money to have it shipped there. I am thinking about surrendering my car back to the bank, which financed the car loan. Is this the same as repossession? How would this affect my credit? I just got the car last year.
Posted in Questions & Answers Also tagged between, credit, difference, Repossession, surrendering, this 6 Comments
How does a car repossession affect getting a home loan?
I recently lost my job and with the price of gas my husband I and I can longer afford our SUV payment, gas, & insurance. We were thinking of handing it back over to the bank to just be done with the whole thing. We want to buy a home in a few years. How [...]
How will a voluntary repossession affect my credit?
I took out an auto loan for my brother to get a car last Feb. He failed to pay, so I took the car back and have been making payments for the last three months. I’ve listed the car for sale several times on Ebay, in the local newspaper, and now on autotrader with no [...]