How much does it cost to tow your car from one of those auctions?


Posted May 14th, 2009 by admin 2 Comments »
car
meme_pyt asked:


I’m thinking about buying a car at one of those repo/unclaimed car auctions, particularly the one in Philly (PPA). How much do the towers charge? I live in Jersey, where can i get the car towed to so that i can drive it home?

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Posted in Buying & Selling | 2 Comments »

How will paying for a car loan on a repo car affect my credit score?


Posted May 5th, 2009 by admin 4 Comments »
car
MissJessica asked:


My husband and I signed a $20,000 loan on a truck. The payments were behind and the car was in a wreck. The truck was repossessed and the loan company says we still owe $8000. The loan company offered a settlement of $2800 if we pay by the end of the month. Does this sound right to anyone?
How would it really affect my credit if I pay off the loan now?

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Posted in Credit | 4 Comments »

How long does it take for a car repo to get off your credit report?


Posted April 10th, 2009 by admin 3 Comments »
car
Mother o’ Four asked:


And does the time start all over again if they assign the account to a new collection agency?
We got in a bad spot and had a car repo in 2002 and the company it was orginally financed through has changed collection agencies twice.
We owed $14,000 on the loan and they sold the car for $5,000 so are we still supposed to pay on the loan even though the car was resold?

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Posted in Personal Finance | 3 Comments »