2006-12-20 11:25:53 · 3 answers · asked by jdsabo6 1 in Business & Finance ➔ Credit
Hard to give specific numbers but it would certainly hurt your rating badly!! It's a mark against your credit -- and a substantial negative mark, too.
2006-12-20 11:33:43 · answer #1 · answered by barrych209 5 · 0⤊ 0⤋
Believe it or not, you can recover from a car repo fairly quickly. A 30 day late will drop your score 40-50 points, so once it gets 90 days late - which is about the time they want to repossess your car - it will have dropped about 100 points.
2006-12-20 11:56:57 · answer #2 · answered by Kevin K 3 · 0⤊ 0⤋
There is no set # as to how many points you will lose from your becon. It will drop but a number of factors will come into play as to the number of points.
How long have you had it? How many total payments had you missed? Have you missed prior payments and repaid?
So with out seeing your other items its hard say.
2006-12-20 15:04:30 · answer #3 · answered by crazy_in_lov 2 · 0⤊ 0⤋