My coup¨¦ be out for repossession a couple years ago but I compensated yesteryear due stability back they could whip.? .the car. I still hold 2 more years on my loan. Will
Unless the motor was physically repossessed and haul away to the Repo Man's tow yard and you have to get it out of near, etc. then NO because technically here was no repo. The single negatives on your credit report would be 30 days, 60 days, 90 days, etc as behind on your reports. If you go for another auto loan they will indeed see that you be behind on the payments. Good luck!
OK..I'm assuming that they did within fact come and whip the vehicle. If you were olden due and paid the recent past due amount and they came and repoed the coup¨¦, they would then hold the vehicle, sell it at auction and any remaining symmetry on the car record is yours to pay, it's call a deficiency be a foil for. You either salary it, file a liquidation to get rid of the be a foil for, and it will in reality show on your credit report for 7 years. Not paying the balance due, they can sue, acquire a judgement and garnish wages, or your ridge account. It depends on who you dance an see for a new auto loan, nearby are several places that offer loans even near repos and they are at very giant interest rates because of your credit being dinged by the repo. Hope this help a little
Good Luck!
Answers: Pull a copy of your credit report.
You can catch one free one each year from respectively of the credit reporting bureaus at
https://www.annualcreditreport.com/cra/i...
(Do not confuse this site next to annualcreditreport.org or freecreditreport.com which are pay sites) MsYahoo, Try getting a free online auto loan quote. http://www.autoadviceonline.com/Free-Aut... The automated form will donate you results based on your credit and financial situation. It's free and you can capture an answer in minutes.
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