2007-03-13 09:46:52 · 3 answers · asked by REBECCA C 1 in Cars & Transportation ➔ Other - Cars & Transportation
If you got a notice saying that the bank was coming for the car then its a repo. If they actually took the car then there is no ? its a full repo. Consider this to maybe preventing it from making it to your credit report,
I you got it from a small independent dealer they will try & take advantage of you by making you pay more then what you owe to get the car back & get you in what may be a better payment plan for you. Its only better for them. Remember to stand your ground & ask them to work with you. Chances are that the car is in the lot.
If you got your car from a big name dealer the chances that your car is at the dealer where you bought is not likely. If it was repo then the car may be at a impound lot where a collection agency is waiting for you to call them before the car goes to an auction. When you do call them, remember that it is a negotiation dont agree to everything they want, take names and badge #s of reps you talk to. Remember that their objective is to get you to pay something if you cant pay everything. Finally if they say they will do something for you GET IT IN WRITTING.
Ankara,
used car sales experience 8 yrs
2007-03-13 10:11:30 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you don't want a repossession on your credit report, never allow your payments to fall behind. It doesn't matter if you got it back in 6 months, a week, or 15 seconds after repossession, it goes on your record.
2007-03-13 17:40:49 · answer #2 · answered by oklatom 7 · 0⤊ 1⤋
no they arent going to wipe that away. it goes on your bank record and then on your credit report.
2007-03-13 17:14:40 · answer #3 · answered by MiaDiva28 6 · 0⤊ 0⤋