Credit Report Lawyers
2010
Is there anyway to expunge a repo off your credit report?
my car was reposessed last week, any they won’t let me get it back by bring the late payments current at all. So what’s next, will i have to hire a lawyer? When will they take me to court? Should i file for bankruptcy?
Since you didn’t make the loan payments, the bank took the car. The bank will sell the car, and if they sell it for less than you owe, they will file a recovery suit in court to get any amount that is still owed….maybe.
I wouldn’t waste money on a lawyer over a car repo, and it isn’t serious enough money to file bankruptcy. Typically you only file BK on sums over $50,000.
Now it will show up on your credit report. But, so what? Credit reports are for people who want to go into debt. Borrowing money for a car is just a pain in the rear; and banks are crooks and jerks…as you well know.
Just take that late payment money and buy a junker car with cash. Save up some more and buy a better car – with cash.
Only worry about your credit report when you buy a house.
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