 HELP! Bad Credit!? |
| I have bad credit from earlier in life, and I am not at a point where I can start paying it off. I would like to get a loan, to pay everything off, and have one payment per month. However, my credit ... |
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 How old do you have to be to use a credit card? |
your own credit card btw
and not little cards you can get money out with
Additional Details
and nothing ... |
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 Fake bank account? |
| I reported a lady(an overstayer) who used fake documents to open a current account with a high street bank.Upon investigation,if it is found that the bank granted a loan to her,ie,she owes the bank,... |
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 My sister in-law wants my husband to co-sign for her.? |
She is getting a loan he doesent know how much..
the thing that concerns me the most is that I don't think she is gonna pay it.She already told my husband that if she doesn't pay she�... |
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 Shoud I keep $0 balance credit cards open or close them? |
| I just transferred 2 credit card balances to a better credit card - lower interest rate and cashback rewards.. Now, I have these 2 $0 balance Visa and MC credit cards, as well as a Bloomingdales and P... |
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 Do credit card companies do credit checks for additional cardholders?? |
| Hi there i have a very bad credit history and i was wondering if it was possible to be put on my mums credit card as an additional cardholder. Supposedly all my mum does is fills out my details on ... |
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 How do I clear up supposed bad credit? |
| Each time I try to apply for a credit card, I always get the same response saying something about debts that I owe or something like that. I am wanting to know how to be able to clear those things ... |
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 How do you identify fake money? |
Additional Details
What I mean by fake is counterfeit money.... |
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 My friend was issued a HSBC credit card but never used it, and is being charged 15 $ per month, is this right? |
| My friend, who knows limited English was sent a credit card issued by HSBC bank in the mail. He signed the application, and was sent the card. He never used the card, but started getting bill ... |
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 Is this company legit or a scam? |
| I have pretty bad credit from when i was married im trying to build my credit.I have a score of 546 i know kinda crappy but this takes time.I applied for a loan through safenet financial the guy ... |
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 I am considering bank rupzy sorry i can not spell it..spell check is not working? |
| i make about 1800 hundred and month..rent is 614.. light around 130..cable 114 that includes phone and internet.. bills around 450..ins 90..my bf is on my checking account because we live together..... |
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 Paypal question? |
| How safe is it to use paypal? Somebody told me that people can make refunds without you knowing, is that true? I want to start using it for ebay and stuff, just needed to know.... |
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 Is it a scam? I got a check in the mail should I cash it? |
| HAS ANY ONE EVER HEARD OF THE DOMINION GROUP INC. I got a letter in the mail with a check that says that "This grant is a prize you won. It is not a loan and does not require repayment. They ... |
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 Question about a loan and Bankruptcy? |
| I filed for Chapter 13 three years ago with a 36 month payback plan, I have almost finished the plan and had a question. I didn't include my house, I have never been late on my mortgage. Once I ... |
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 What Is the Best Credit card to help fix bad Credit? |
| What is teh best credit card to get to help fix credit? My Credit score is not good...Like a 550...I Need to get a credit card but no one will approve me! Help!... |
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 How does a foreclosure work? is it really that bad of a thing to do? i want out really bad!? |
| i want out of my house. i hate the man i live with. he is abusive and just not a very nice person. he can't refinance the home because of his credit....i don't want the house. we cant sell ... |
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 Is 699 a good credit score? |
| Hi! My boyfriend and I are moving into a new place together and I'm trying to get financing in a new tv...I have a car payment, a student loan and a major credit card. Do you think I will be ... |
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 Who has a Capitol One Credit Card? |
| If you have a credit card with Capitol One; what do you think of the service Capitol One provides you with? Are you satisfied with the service and capitol One? Give me your opinions about Capitol O... |
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Destiny | How can I get out of my auto loan? |
I have a 2002 Explorer with 112k miles on it and still owe $12k due to my 18% int rate. Is there a such thing as a voluntary repo where I can just give it back? How bad is a repo on your credit report and how long does it stay on your report for? |
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bdancer222
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A voluntary repo is exactly the same as a non-voluntary one. The lender will sell the vehicle cheaply at auction, then come after you for the difference. The repo will stay on your credit file for 7-1/2 years.
You would be better off to sell the vehicle and get a loan to pay off the difference. |
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Just say no!
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Yes you can return the car--it's called a voluntary repossession. It is bad on your credit --which sounds like it's already pretty bad if you have an 18% rate.. |
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Judy
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bdancer (above) has the only good answer here.
They will sell it and come after you for the difference.
When you sell it, don't be surprised if the buyer wants to pay the bank directly. Most people want a clear title. They don't want to buy a title that you owe money on. They will think you will stop paying the loan.
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skirickfiftyone
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leave it running with the keys in it |
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Ted
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First, any repo is really bad.
Second, if you return it to the lender and they auction it, you will still owe the difference between what they got and your principal balance. Giving the car back doesn't cancel the debt contract. You would be better selling it yourself. Pay any difference with a cash advance from your credit card. 18% isn't a car loan rate; it's a credit card rate.
You could probably get 8000-10000 for it, leaving you with only 2000 to pay. If they auction it they would get wholesale which might be less than 5000, which would leave you with 7000 to pay (or more).
You can't just "get out" of the loan, because all car loans go "upside down" at some point due to the rapid early depreciation. If they let you out, then everybody would buy a new car and then turn it in after a couple of years.
2002 was 6 years ago. How long a loan did you get, anyway, that you still owe 12000? What did you pay to start? What are your payments? I'm curious. I'd like to be helpful but the numbers in your question are strange. Fell free to email me and maybe I can think of something.
If you bought it used, it shouldn't upside down like this because the big depreciation is already gone. That would mean that it was upside down from day one because you paid way over what the car was actually worth. |
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andy
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Yes you can do a voluntary repo and it will still hit your credit report and stay on it for 7 1/2 years. |
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Brutus
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have someone take over the payments. |
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katherine
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Stays 7.5 years and then the company can turn you over to collections to collect the difference in what they can sell it for and the amount you owe. If they go to court and get a judgment your assets (checking acct, savings etc) can be attached. |
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Sandy Sandals
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You can surrender the vehicle to the lender. A repo is bad when it comes to getting financed again. A voluntary surrender is more favorable because it's less trouble for the lender than a repo. A repo is almost more deterimental than a bankruptcy when getting an auto loan. |
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