2007-03-06 12:10:48 · 8 answers · asked by tbwc06 1 in Cars & Transportation ➔ Buying & Selling
Either way is the same thing isnt it? You are defaulting on the loan either way and will ruin your credit. You need to try to sell it, find someone to take over the payments or work out a deal with your finance company to lower your payments and help you out.
2007-03-06 12:15:48 · answer #1 · answered by Anonymous · 1⤊ 0⤋
If you have to do one or the other, turn it in. That way, when you get black marked on your credit report, you can at least place an explanation comment on your report and explain any extenuating circumstances. Another option you may want to consider is credit counseling, but go with a company that is affiliated with the United Way or you will get ripped off. Make sure you go to an office local to you and set down and talk with them. They helped my husband and I pay off 30,000.00 in debt in less than 2 yrs, after we had a bad accident, and we got to keep our house and cars.
2007-03-06 12:53:22 · answer #2 · answered by Deedee 4 · 0⤊ 0⤋
Repo is NOT a word you want showing on your credit report.
2007-03-06 12:18:18 · answer #3 · answered by kate 7 · 0⤊ 0⤋
You would be far better off co-operating in what ever way you can.
2007-03-08 03:42:44 · answer #4 · answered by al b 5 · 0⤊ 0⤋
Turn it IN...much better than them taking it!
2007-03-06 12:18:16 · answer #5 · answered by eaturhoney 1 · 0⤊ 0⤋
repossesion will KILL your credit score and scar you credit report for life.
2007-03-06 12:19:27 · answer #6 · answered by Angel Eyes 2 · 0⤊ 0⤋
Turn it in. but i doubt it matters.
2007-03-06 12:25:14 · answer #7 · answered by Two dimes and a Nickel 5 · 0⤊ 0⤋
turn it in...good luck
2007-03-06 12:18:13 · answer #8 · answered by Michael K 5 · 0⤊ 0⤋