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How repossession would affect my score

Date: Sat, 04/24/2010 - 03:51

Submitted by anonymous
on Sat, 04/24/2010 - 03:51

Posts: 202330 Credits: [Donate]

Total Replies: 1


I've got my car repossessed. I have tried to work out a plan with the lender but it didn't work out. So, the repoman has got my car.

I was wondering how it would affect my credit score. Also, would it be possible for me to buy another car with a repossession on my report?


It is going to hurt your score quite a bit, especially the collection of the defincency balance...any idea how much that is going to be?

yeah, you can buy another car but you are going to pay thru in the nose in interest plus if you have an unpaid deficieny balance...well it could be quite difficult.


lrhall41

Submitted by SOAPLADY on Sat, 04/24/2010 - 05:02

( Posts: 17315 | Credits: )