Will my credit score drop if I take out a title loan and surrender my car?
Date: Mon, 06/13/2016 - 22:28
Are you taking out a loan
Are you taking out a loan against your fully owned car or voluntarily giving up your car to your creditor?
Re: voluntary repossession
Whether it may repossessed by a creditor or a voluntary repossession, both are very negative.
But a voluntary repossession may damage your credit scores slightly less than a repossession.