0
If you had a brand new car repossessed last year and it was sold at auction for 10K and you had a 28K loan can you get out of the 18K you still owe if your credit was perfect?
Wiki User
∙ 18y ago
No! You are stuck with owing the 18k and you don't even have the car. Letting the car be repoed was your fault. You should have contacted the lender and worked something out, or made the payments you agreed to. You didn't, so now you will pay, and your credit is ruined for 7 years, and you no longer have that perfect credit. Yes you can get out of owing the 18k its called bankruptcy.....but then your credit score will be less than perfect. Depends on your state, but that is what is referred to as "deficiency" and most states allow creditors to collect it.
Wiki User
∙ 18y ago
Add your answer:
Earn +20 pts
How long does it to increase your credit report?
You can go from zero to perfect in 90 days. The absolute quickest way to get perfect credit in record time, is to have some one with excellent credit co-sign on an American express card or a name brand Visa or Master card. Just make one or two purchase, pay them off completely as quickly as possible. You can then rip up the co-signed card and start applying for easy to get cards like Sears within two months. If you are starting from a negative standpoint with negative credit will it take a little long.
What DC credit card abbreviation stands for?
Diners Club Credit Card brand or Debit Card
Which credit card starts with 4388?
Chase..some co-brand
Difference between visa cards and credit cards?
Nothing, Visa is just a brand name for credit cards. Just like MasterCard, Discover, etc.
What sort of financial institution is Capitol One?
It is a credit card company that issue secure and non-credit cards and debit cards. It has a wider acceptance and more recognizable brand than most secured credit card corporations.
What is the most repossessed car brand?
Gm
How long does it to increase your credit report?
You can go from zero to perfect in 90 days. The absolute quickest way to get perfect credit in record time, is to have some one with excellent credit co-sign on an American express card or a name brand Visa or Master card. Just make one or two purchase, pay them off completely as quickly as possible. You can then rip up the co-signed card and start applying for easy to get cards like Sears within two months. If you are starting from a negative standpoint with negative credit will it take a little long.
What DC credit card abbreviation stands for?
Diners Club Credit Card brand or Debit Card
Persuasive selling and power negotiation audiobooks run time?
There are no "Brand New: Auction" listings for this product at this time.
Which credit card starts with 4388?
Chase..some co-brand
Perfect Airsoft Gun for me.?
if you can afford it any of the Systema brand airsoft guns
How do you use untouched on a sentence?
It was brand new, in perfect condition, untouched by anyone.
Where could someone purchase Colin Stuart brand shoes?
You can purchase Colin Stuart brand shoes online from Victoria's Secret. Alternatively, you can also purchase these items from auction websites such as eBay.
What is an ink credit card?
Ink is a brand name for all types of credit card issued by JP Morgan Chase Bank.
Is it legal for a repo company to drive your car around in the state of Colorado or wyo they put over 300 miles on my brand new car?
If they have a repo order, that is between them and the holder of the note. Once it has been repossessed, it is no longer your brand new car.
Do I capitalize Citibank Credit Card?
Yes, you should capitalize Citibank Credit Card when referring to the specific brand or product offered by Citibank.
Where could one go to order Pony brand shoes?
You can order Pony brand shoes from the main Pony brand shoes websites or you can order from places like Zappos and Urban Outfitters. If you prefer used shoes, you should check for them on auction websites like Ebay.
