Sentences with phrase «credit after a repossession»

My husband and I have been trying to repair his credit after a repossession which resulted in a settlement.

Not exact matches

Normally, the question involves charged - off credit card accounts, leftover balances on car loans after a repossession, unpaid collection accounts, tax liens and defaulted student loans.

A repossession will stay on your credit reports for seven years after the account was first reported late.

Delinquency happens when a borrower first begins to fall behind in their loan payments, but after nine months a borrower enters default, which can have a similar effect on a credit report as an unpaid lien, foreclosure, or repossession.

This debt can possibly remain on your credit report until it is paid off, and after you pay it fully, credit bureaus usually keep reporting the repossession on your credit report for seven years from the date of the original delinquency.

Any credit you get after car repossession will come with higher rates and less favorable terms.

Within 14 days after repossession, your credit provider must send you a written notice setting out:

With hard work and diligence, you can rebuild your credit score after the damage of a repossession from a defaulted auto loan.

The majority of negative credit report items, including defaults and repossessions, should naturally fall off your credit report after seven years (some bankruptcies may remain on your reports as long as 10 years).

A lot of people would think that the country and its lending industry learned something positive from transactions with those who have poor credit, following the very gloomy recession in the years of 2008 to 2010, and also after the associated trend of foreclosures, repossessions, defaults and personal bankruptcies.

Summary A highly talented and driven individual with experience in tracking customers with delinquent accounts, helping in the solicitation and receipt of payments and update customer's account after settling of payment; has prepared statements for submission to credit department; has initiated repossession proceedings or service disconnections according to need and timeline; has the ability to work independently and with a team in a fast paced environment «has an excellent verbal communication skills, effective telephone conversation techniques; possess the qualities of a leader by exuding firmness, direction, consistency, and professionalism at all times; is results - oriented and persistent when faced with obstacles.