Archive for the ‘Credit’ Category

Someone recently told me that if you at least attempt to make payment on loans or debts that the items can’t be repossessed is this true? Like if you make partial payments on a house or auto loan can they take the property?
I’m not sure if this person is correct and I am not having luck with research. It’s just informational more than anything to see if this person is telling the truth.

I owe 8000 on a repossession. I’m paying $175 a month. If I settled I could pay $5000 or $6000. Should I get a personal loan for this amount? The financing co. says that if I pay the settlement they will “remove the derogatory marking from my credit report” I ask because I am thinking about buying a house or at least moving to another apartment and the bank says that I can’t be considered without paying off the reposession. My credit score is 640. Thanks.

I know the situation is worse now for people with ok - bad credit trying to buy a house, but is it impossible? I have a repossession from three years ago. I still have about $5000 to pay on it. My credit score is about 640. What do you think? I don’t want to waste my time going to the bank/lender if there’s no chance.

My husband and I live in a crap, crap, crap, did I mention crap mobile home. Well, now we need to buy a house becuase our place is falling apart and I hate that my son has to grow up in such a POS. Anyway, we still owe on this place but KNOW that no one will pay a penny for this place. So, I’m wondering if my husband agreed to a voluntary repossession and we got the mortgage in my name how bad would that hurt us?

I got married almost 2 years ago, and ended up living with my parents, with my dads, mum, and my name added to the mortgage.
for the 1st year i was paying £650 a month on 1300 mortgage and my dad was paying the other half. Come 2nd year, i’ve been paying £700 a month, and my dad £600. The thing is that i would like to move out due to personal reasons, with my wife - is there anyway of me removing my name of the mortgage in case repossession occurs after we leave. What would i need to get out of this mess? Please help