How Much Does In Hurt Your Credit If You Voulentarily Have Your Car Reposed?
i cant afford my car payment
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A repo is a repo, wolentarily or not. they are bad credit and most often, cause refusals and denials for the next few years. to add insult to injury you may have to repay what is commonly called a deficiency balance.A deficiency is the amount still due the creditor once the repossessed vehicle is sold at auction. they almost never get as much money at auction as owed on the vehicle.
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