When I was 17 I was some way able to sign for a car loan at a big lot in a major city.....they didnt check my ID I was head over heals with a guy with bad credit=( so I did it...yhea I know I was dumb
Well I am 24 now & recently found out he had the car repossed & it is on my credit.
Do you think I can have it taken off because I was a minor?
This was in Washington
2006-10-31 12:09:47 · 6 answers · asked by crlygrl34 1 in Business & Finance ➔ Credit
if you were still under 17, I still say 'no' and you might face fraud charges. but your best bet is to approach the financing company and work out some sort of deal with them. it's a lesson, but one better learned early on.
My ex hubby did the same thing, I paid all his old bills with a loan and then he stiffed me on the payments. Then he maxed out my cards. it took me 3 years to pay it all off.
take the lesson and run with it.
2006-10-31 12:14:47 · answer #1 · answered by awacha 2 · 0⤊ 0⤋
howdy Damon, it quite is large to recognize which you're questioning of procuring for a vehicle. Now, once you look for out very own loan suggestions, you will be able to desire to appreciate that there are quite a few issues to be taken care of. As you're nevertheless 17, i'm assuming which you have not got a credit. whether you will have, it should not be too deep. This makes you vulnerable to intense expenses of activity. What you're able to do is decide for a much bigger down fee. $ 2000 seems large yet once you are able to cope with greater, it could be large. additionally, it quite is not needed that in the time of easy terms your kin might properly be your co-signer. you are able to ask anybody with an outstanding credit to grow to be your co-signer. So, merely attempt and seek for it. you will be able to desire to strengthen your affordability. it rather is crucial through fact whether you pay $ a hundred and fifty in line with month, you mustn't be waiting to thoroughly pay-off your very own loan( like yet another answer has stated). there will be quite a few different expenditures which you will might desire to pay like gas and upkeep. So, do no longer think of $ a hundred and fifty could be sufficient. Your earnings is merely $ 800. There are sellers whose minimum earnings standards is $ 1000, yet no one will furnish an earnings as much less as $800. i recognize you have stated larger pay on your question, yet it rather is merely to help you get a greater ideal theory. whether, getting a private loan seems perplexing, it is going to help you build your credit. So, i do no longer think of it is going to create any difficulty. the sole element is to appreciate each and every little thing after which take a clever decision. each and all the ideal.
2016-12-28 09:11:16 · answer #2 · answered by Anonymous · 0⤊ 0⤋
How old were you when the car was repossessed? Unless you repudiate the contract within a 'reasonable' time after you become a legal adult, it is considered 'affirming' the contract. Once that happens, you can't get out of it on the grounds of being a minor when it was signed.
2006-10-31 13:54:36 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋
you may be able to, but I beleive they can report it, but may not be able to collect it from you. Collecting and reporting are two different things.
If the person who was the main signer was over 18, that will also be an issue, since a minor can sign if an adult signs with them also.
This will need an attorney to look at it , review it, and let them write the letters to teh credit bureau.
2006-10-31 12:20:02 · answer #4 · answered by Anonymous · 0⤊ 0⤋
What Fr. Chuck said.
Don't pay a dime until discussing with an attorney.
2006-10-31 12:47:11 · answer #5 · answered by mickeyg1958 4 · 0⤊ 0⤋
find out what the laws are in washington or call the court house there
2006-10-31 12:36:01 · answer #6 · answered by mommykat36 1 · 0⤊ 0⤋