Car repossession stays on your credit reports for up to seven years. The impact it has on your credit decreases over time, but you can’t remove a repossession unless the information is incorrectly reported.
Continue ReadingCar repossession stays on your credit reports for up to seven years. The impact it has on your credit decreases over time, but you can’t remove a repossession unless the information is incorrectly reported.
Continue ReadingIt’s very possible to get a car loan after repossession, but you may run into some challenges if you need one immediately following a repossession.
Continue ReadingIt’s not always easy to get your car back if it's been repossessed, and you may find yourself in trouble if you don’t have the financial means to deal with it.
Continue ReadingRegardless of whether you voluntarily surrender your car or it’s repossessed, it still affects your credit score. But, there are ways you can avoid repossession and save your credit.
Continue ReadingA repossession is one of the worst things that can appear on your credit report if you are hoping to finance another vehicle. Here's why it can happen and what you can do about it.
Continue ReadingWhen you fall behind on your car loan payment, it’s a good bet that repossession is in your future. But, because laws on this vary by state, this may not be the case in every situation.
Continue ReadingIf you're behind on your car payments, you need to take action. If you get far enough behind, the vehicle will eventually be repossessed. And, unfortunately, car repossession can be fairly devastating in a number of ways.
Continue ReadingYour vehicle can be taken from you if you are late with payments in an act known as repossession. A repossession will cause your credit score to take a big hit, and it can remain on your credit reports for up to seven years. Let’s take a look at how auto repossession works.
Continue ReadingWhat happens if you suddenly discover that you can't afford your car payment? If it turns out that your car payment is too expensive, there are actions you can take.
Continue ReadingRepossession may put an end to a cosigner’s responsibility toward a loan. However, they have certain legal rights to which the lender must adhere.
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