Consider:
My girlfriend is behind on her car loan and has been threatened with repossession. To make matters worse, she? My girlfriend is behind on her car loan and has been threatened with repossession. To make matters worse, she had an accident (her fault) the same day her insurance lapsed and did $3000 damage to the car. She cannot afford to repair the car or make payments anymore so...

what is the difference, if any, between repossession and surrendering my car? how does this affect my credit? I am moving to Hawaii and it will cost so much money to have it shipped there. I am thinking about surrendering my car back to the bank, which financed the car loan. Is this the same as repossession? How would this affect my credit? I just got the...

How do I remove a judgement from my credit report after a Chapter 7? I was discharged from a Chapter 7 in January 2006. Before i filled, i had a car loan that I was in collections for. The car was in an accident (friend was driving) and was taken to a body shop to be repaired. Long story short, the repairs never...

How will a voluntary repossession affect my credit? I took out an auto loan for my brother to get a car last Feb. He failed to pay, so I took the car back and have been making payments for the last three months. I’ve listed the car for sale several times on Ebay, in the local newspaper,...

How does a voluntary repossession affect your credit? Here is the deal. I have a $535 per month car note. I can afford it, but I would love to get a lower payment so that I can pay some principle down on my home. The new car note would be $237 or less. Thats ~$298, approximately back...