2007-07-14 00:43:02 · 9 answers · asked by elizabeth m 1 in Cars & Transportation ➔ Buying & Selling
A repo says that you did not live up to your word. You did not pay for the car as you agreed to do. It says that you are not trustworthy! You can not be trusted to pay your bills!
Is having bad credit a smart move?
Is having to pay high interest rates on any new loan, if you can even get a loan, a smart move?
If you think that is a smart move, that also says something about you and your point of view of the world.
You decide!
2007-07-14 01:50:28 · answer #1 · answered by fire4511 7 · 2⤊ 0⤋
No, it's a bad move. It will stay on your credit history for 7 years. It will make it more difficult and expensive to obtain credit in the future. If there is any way at all you can avoid a repo, by all means do it.
2007-07-14 12:01:01 · answer #2 · answered by Scott H 7 · 2⤊ 0⤋
Do everything in your power to avoid a repo. It will destroy your credit for years to come.
2007-07-14 10:26:14 · answer #3 · answered by jay 7 · 1⤊ 0⤋
It's not a good thing at all. It may keep you from getting a home (renting an apartment, buying a house), obtaining other credit, etc. Make sure the rest of your credit is okay or you'll be in a struggle to get more credit.
2007-07-14 07:51:10 · answer #4 · answered by Gypsydayne 6 · 0⤊ 1⤋
Its very bad for your credit,you will get sky high rates for anything else you apply for.Anytime your car is gonna be repo'd turn it in yourself as a voluntary repo,it looks better,and they have to mark it as that.
2007-07-14 07:53:31 · answer #5 · answered by doublewide420 2 · 0⤊ 1⤋
No it's not. It leaves a 'black mark' on your credit report. See the AUTO AND HOME LOANS section. Lots of good info at link below to help you with your credit. Good luck.
2007-07-14 07:56:10 · answer #6 · answered by Anonymous · 0⤊ 2⤋
It would indicate your a deadbeat as far as making payment's for things you have purchased so no I don't believe that would be a badge of honor for you.
2007-07-14 08:18:03 · answer #7 · answered by Iknowthisone 7 · 2⤊ 0⤋
Trust me you won't be getting another car for a looong time so think twice!!!!!!!!!!!!
2007-07-14 08:45:16 · answer #8 · answered by Ambitious27 3 · 0⤊ 1⤋
aahhhh not really
2007-07-14 08:00:39 · answer #9 · answered by bungee 6 · 1⤊ 0⤋