Sentences with phrase «months after your repossession»

Although second - chance auto loans are out there, even subprime lenders may want you to wait at least a few months after your repossession before they'll offer you a loan.

Not exact matches

1Cosigner Release allowed if an account is in current standing, after 36 months of consecutive and on — time payments with a borrower FICO greater than 699 and minimum income requirement of $ 30,000 for loan balances up to $ 100,000, and income requirement of $ 50,000 for loan balances over $ 100,000 with no foreclosures, repossessions, wage garnishments, unpaid judgments or other public records having an open balance exceeding $ 100 during the last 7 years.

3 Cosigner release allowed if an account is in current standing, after 24 months of consecutive & on — time payments with a borrower FICO > 749 for EDvestinU Private Student Loans and minimum income requirement of $ 30,000 with no foreclosures, repossessions, wage garnishments, unpaid tax liens, unpaid judgments or other public records having an open balance exceeding $ 100 during the last 7 years.

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.

After three straight monthly decreases to a 49 - month low in April, bank repossessions (REOs) increased 7 percent on a monthly basis in May.