Help!Anybody get their car repossessed?What happened to your credit? Should i let my car get repossessed? related questions

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Help!Anybody get their car repossessed?What happened to your credit? Should i let my car get repossessed?3Albert Minner2012-08-17 20:09:03
I paid $ 49,612 in a Mitsubishi Montero Limited (which still needs $ 22,000 cause blah blah blah do not pay ahead of time) So my engine broken in the middle of the road - My mechanic says I need an engine, and perhaps also a transmission .. (UGGHHHH) will cost $ 8900 to fix! But maybe only have one engine (which maybe only $ 3500)? ? ! I live outside the city limits, so driving a total of 80 miles per day just to send my child to and from school (private school). I also need a vehicle for you to pay for life ... A bus is not an option for me is that it would take about 8 hours total to get to school and back. Thank God I only work weekends, but the issue of bus the same 8 hours in total - I work 16 hours a day Friday and Saturday only bus so it physically impossible ... Im totally dumb founded .. I have no idea, meanwhile, my son has to miss school today cause no transport .... I worry about the future .. Because if I get a repo on my record, I feel like I will not be able to get a house or an apartment, even if I ever need (unstable marriage) .. Above all what happens if my child ever need help in a school loan I want to be able to help. Should I risk my credit card I've worked so hard to be fixed. PS while I was in college I got my car repo'd, but I was able to recover and pay the next day (was only $ 2000 to pay). I really apppreciate any help from any other people may have gone through this before .. What happened to your credit card? What should I do. My family and friends say they get repo'd, causing his death. And just to buy a new car cheap (about $ 15,000) .. I say the new car, and pay the $ 22,000 and I pay off about $ 950 per month for the new car, the truck, that the dead no longer exists? I'll have to make these payments for about 3 years .. After his more between me and the truck. I'm confused, if anyone out there can help me, really appreciate it.
My parents used my name for a car. The car was repossessed, they didn't pay for months. My credit sucks now..?3walidK2012-08-23 00:11:24
... and I 'm trying to get an apartment . Also I have student loans. What should I do ? Is there anything I can say to the company or try to get it away from my report?
19 yr old want to let car be repossessed and save up for a cheaper one while letting my credit rebuild?2Oracabessa primary school2012-10-21 02:25:08
Hello , I'm in a bit of an awkard situation where I discovered how stupid I was to get a car loan and regretting it immensely. I want to work fewer hours and only go to school instead of working full time without school. I've done my research on how bad my credit is affected , but note that only 19 im not going to apply for loans or mortgages for a while anyway, so I thought I leave my car REPOSSED would take 7 to 10 years to get close to back to normal and then I would be good to look for a house or apt or whatever ( although I like the idea of not paying what they should , I am a hypocrite in that I hate people like that) . Im just worried im wasting time while paying for a car I could be doing something more profitable as corny as it sounds school and friends and a social life , when credit is not really crucial for someone as young as me and as I said before that I have no need for loans or mortgages until loans besides im old school , but whatever. I wanted some answers from people with experience of going through a car loan or are simply going through what I'm going through your esp if my age . Basically , on the basis of their experience or just want to know your opinion which of the two options I choose , let the car was repurchased, a price lower than a 19 year old car deserves to go to school , have a life lol and severely with bad credit or keep paying on it ( about 9,000 more to go which is about two years I think) without life of 2 years. Thank you.
Should I have my car repossessed?1Alder2012-10-09 20:25:03
We are struggling financially . With no mortgage , car note , car insurance (two cars ) the credit card debt , student loan payments and monthly utilities (electricity , water ) , to mention a telephone bill , etc etc my husband and I are falling deeper and deeper into the hole each month . We have three children and we have to keep in mind that we need money after all the bills are paid to feed our family . We keep bouncing checks just to make monthly therefore spending money before we have it and putting us increasingly in the hole . My husband and I talked about what we should do . Let's cut spending and get rid of extras .... We also have a truck that is paid . We are still indebted to the car and we need somewhere around 10k yet. If we were to come and pick up the car , our family would save 500/month . We just need a car anyway. Should we go ahead and do this ? Never had to do something as drastic as this before. What are some of the things that are going to participate ? I know it will make the credit for 7-10 years. In addition , we consoladated our credit card bills and pay one payment a month. When the car was auctioned and the remaining balance was extended to us, we intend to turn consoladating with other debts . Please anyone has any advice or any other approach to this difficult situation?
What if I don't pay for my repossessed car?1MTTT*2012-10-14 08:47:03
I'll get my credit report , and feel very overwhelmed . I lost my car (rather was repossessed ) after losing my job and raise unemployment , which is much less that can barely afford food every month , so forget about a car payment . And frankly , I just want to know what happens if you do not pay these debts ? I have many debts , but for a college student 21 years of age , I am more or less in front of the firing squad right now financial . 5K in the car , student loans 2K (which need not be paid until I graduate ) , 1.5K in a Capital One card . Those are my concerns . MedlinePlus So the question : what if I never just paid ? Is it possible to rebuild my credit without having to pay again ? Do not reboots every 7 years or so ? MedlinePlus Thank you.
Should I let my car be repossessed?3jess.2012-10-08 20:02:02
I have car loan with UAC / Car Hop ( worst decision ever! ) I'm having trouble making payments and it is becoming clear that I have to leave the car back. My credit is not great to begin with (hence the need to go to jump car / UAC). I tried to work with the bank and are not willing to do anything. I just need advice. I'm thinking about bankruptcy after it tries to erase everything and start over. I know my credit is screwed for 7 years, but it will be with a repo anyway.
Car repossessed -- should I let it go or..?0when it rains2012-10-14 17:11:35
In April, I moved to another state to get home to my parents because of financial difficulties, and have since been unable to find another job. Louisiana, the new state I live now, not even let me have unemployment because of an "error code" that is way over my head. MedlinePlus MedlinePlus Anyway, this morning my car was recovered. This is a serious setback loan: the value of it is probably no more than $ 2,000 while I owe him something like 9.000 to 11.000. I do not understand the laws of foreclosure or bankruptcy, or even whether bankruptcy should be an option. MedlinePlus MedlinePlus I owe about $ 3,900 in other unsecured debts (payment, credit cards, deficits due to schools, etc.), in addition to the debts of mystery that I might have forgotten. I owe about 15k in student loans, which I believe can not run out of business and are the main source of my problems. I do not think this is a reasonable amount of money to apply for bankruptcy, but I'm not sure what other options you may have. MedlinePlus MedlinePlus Should I try to negotiate with the creditor of the car to perhaps have returned? (I have no job - but I have 40 miles away from civilization, without a car, I'll never be able to get the job.) MedlinePlus MedlinePlus Should I give the car completely and let the bank sell it? You still owe the money left on the loan balance? MedlinePlus MedlinePlus My long term goals are to try to go back to school to get a degree after getting a secure job, but destroyed my credit, I'm not sure how best to fix it from this point forward. Any advice would be appreciated. ((And although I know that someone will come here and say I'm a lazy, blah blah blah, I have applied to over 400 jobs since I've been here and had only failed, expensive interviews - proof that doing that just $ 8 to his name. know I work hard, so do not waste your time or mine.))
Bike Got Repossessed?1thea2012-08-13 17:16:03
I bought a bike a year ago, I took over payments without knowing that it would not be able to pay for it so it has seized. Now I have all the creditors on my back that says I have to pay $ 4,000 or take me to court. I wonder if this is a fact. If so , how I can prevent this from happening . I am a full time student who works part- time work , but it makes enough money yet . I have other bills ( PMNT car, car accessories , mobile phone, etc) have always been on time. It really was for me to pay this bill , but I take full responsibility. I just want it fixed at this point. I can not get a loan because it ruined my credit , and nobody in my family will help me with the loan me the money. I need help fast ... I need to know what would be the smartest move at this point . Thanks
Car repossessed - refinance?2ωǒ Bu bad ⿺ 2012-11-05 08:12:02
A friend of mine has had his car impounded yesterday. The company said the car lender should try to refinance the loan to get the car back . After he expressed disbelief that someone would pass after a takeover , the lender said it actually happens all the time . Both have searched a lot and I can not find any lenders to refinance a car repossessed . Do you have any idea where to go ? Loan companies that specialize in just this sort of thing ? This just happened yesterday. Thanks for all the suggestions .
If my car is in the process of being repossessed and I pay it before it is, can they still come take it?3Flo's in love with Kevin!!!!! 2012-11-02 06:21:02
I'm behind my car loan and have already sent people reported here looking for my car . If I pay what I'm behind on my loan repos can still try ?
My car was repossessed, am I out of luck?5refy2012-08-25 05:58:20
Am I out of luck ? So this is the story - My car was mine and my ex-husbands name . I'm behind on my payments because of a layoff. Once my car was repossessed thought it would be able to call and catch up on my payments and get my car . I was very wrong. They want me to pay them because my ex husband filed for bankruptcy . So I tried to refinance but did not qualify with my credit history. I tried to have a co -signer , but financial institutions , said he could not have a guarantee to refinance unless I had no credit. Ok , so we went to Plan B. My cousin tried to get the loan for me. Now that is not working because the number one said his name is not on the vehicle and the number two does not refinance the vehicles recovered. I feel like I have exhausted all options. Am I out of luck ? Should I quit now ? It is very difficult for me because this car was my baby. I put much work into it. Lots of spare parts. I put a lot of money on this car and I feel helpless as to get back .
Repossessed car - any suggestions?2melrose2012-11-04 07:08:02
Car brother of my friend, that my friend was driving was impounded . Officially , his brother owns the car . Only your name is on the title . He said he was paid completely out and gave him the car so he could get to his mother to help him get a new car . She never made any payments on this car because he thought he had already paid off. Now she does not have a car . She is my roommate and is currently unemployed , but have enough money saved to cover living costs only for a month . Your brother needs about $ 2,500 to retrieve the car . He has no money , and he does not. She is a good friend , but I can not turn that much money either. No one in your family can help. You could try to get a loan with bad credit but your brother and his lack of work , will be difficult to find a lender . Does anyone have suggestions on what we can do ?

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