My wife be duped into accepting a voluntary coup�� repossession. What can she do? Basically: (before she met me) she bought a used car, it be

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

Problem presently is she has a red flag for 7 years. Everything else on credit report is fine, she could probably go and get 700+ score beside a little work - but the repo will affect our propensity to get a mortgage surrounded by a couple years when the house prices drop more and we decide to move. What can we do? She can't dispute that it happen, but we need to remove it somehow. You can't remove a repo from your credit history. Only time can do that.

If she bought it from a pusher she might have be able to use the lemon ruling. Some states have it on used cars.

As for the mortgage, you might be capable of take it out beneath only your given name. I think that would work and it might give a hand more if she isn't working at the time of the loan. There are legal ramification if you later divorce respectively other.

Answers: You're not going to get hold of a repo removed.it's on there for a while.

Not trying to nouns harsh, but simply stating the blunt truth.

She failed to come across the terms she agreed to, the lender repo'd the vehicle, sold it at auction, and your wife was departed with the remainder of the harmonize to pay towards the initial loan.

Try to nickname the finance company and see if they will do a payment for deletion where once the remaining stability is paid, it will be removed from the credit bureau. Just fashion sure to get it surrounded by writing.

In a couple of years, just find a mortgagor who does guide underwriting. I have a foreclosure show, as the man who assumed my loan never paid it. I simply wrote a epistle of explaination, they sent it through, I bought a house.

Things aren't impossible when you have a plan.
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