Can I Remove a Car Repo From My Credit Report?
If you’re wondering whether you can remove a car repossession from your credit report after paying off the balance, you’re not alone. Many consumers are surprised to learn that even after settling a repossessed vehicle account, the negative mark can remain on their credit history for years. Here’s what you need to know about car […]
My Car Was Repossessed but the Collection Agency Still Wants More Money — What Should I Do?
Car Repossessed Collection Agency: If your car was repossessed—even voluntarily—you might assume your financial obligation ends there. Unfortunately, that’s not always the case. Often, the lender sells the car at auction for less than what you owed, and a collection agency may then come after you for the difference, also known as a “deficiency balance.” […]
How Long Do Repossessions Stay On Your Credit Report?
Q: I have a car that was repossessed about 5 years ago. My credit report states that it will report for another year. Is that true that it will fall off or will it be reported by another company. If so, should I try to settle the debt? How long does a repo stay on […]
Should I Give Up My Car?
Q: I would like to trade in m car because I am upside down on the car loan and it has 123,000 miles on It. I have a previous voluntary repossession and a bankruptcy on my credit report. An attorney recommended that I let this car go and get another one before it shows up […]