CrediClear Financial Group credit repair restoration clear creditclear score enhancment Clear Your Past, Brighten Your Future!
With CCFG, the Credit Doctors!
Auto Repossession
REPO!
Dude, Where's my Car?
OOPS! OK, Here is what will happen. You have a period of time to recover your vehicle, usually quite pricey, but it can be done. Check with your lender, the time varies by state. Your "stuff" left in the car can be picked up at the repo lot, they will mail you a notice. Funny thing, they usually lose the change in the ash tray, though!
Your Vehicle will be sold, usually at auction, but it may be priced, and put on a lot for sale. (many credit unions do the sale lot scenario)
It will bring less than what you owe on it, especially after fees and other costs are added to the note. The lender will then try to collect the difference from you, it will probably sell to collections as time goes by. This is now unsecured debt, they have no collateral (the auto sold). The balance can be settled and negotiated for less, or bankruptcy is an option for this as well.
A "voluntary repo" where you drop the vehicle off saves you the repo man fee, and that's about all. The impact on your credit score is the same. A repo is a repo!
The worst repo we have seen was a $9500 car repo'ed, sold, and then it turned into a $13k collection! All gone now! Thanks CCFG!
We have also seen $38k repos that now show on a credit report as "account closed, paid as agreed" Really!
Think you know what can't be done with a credit report? Think Again!
Dude, Where's my Car?
OOPS! OK, Here is what will happen. You have a period of time to recover your vehicle, usually quite pricey, but it can be done. Check with your lender, the time varies by state. Your "stuff" left in the car can be picked up at the repo lot, they will mail you a notice. Funny thing, they usually lose the change in the ash tray, though!
Your Vehicle will be sold, usually at auction, but it may be priced, and put on a lot for sale. (many credit unions do the sale lot scenario)
It will bring less than what you owe on it, especially after fees and other costs are added to the note. The lender will then try to collect the difference from you, it will probably sell to collections as time goes by. This is now unsecured debt, they have no collateral (the auto sold). The balance can be settled and negotiated for less, or bankruptcy is an option for this as well.
A "voluntary repo" where you drop the vehicle off saves you the repo man fee, and that's about all. The impact on your credit score is the same. A repo is a repo!
The worst repo we have seen was a $9500 car repo'ed, sold, and then it turned into a $13k collection! All gone now! Thanks CCFG!
We have also seen $38k repos that now show on a credit report as "account closed, paid as agreed" Really!
Think you know what can't be done with a credit report? Think Again!
$49 Enrollment, $200 on Installments!
No Interest Charges or Carrying Fees!
That's CCFG's Total Fee! Limited Time Offer!
In 2008 this was a deal at $795,
and we still have no per item charges!
This is our Bailout Special, a far better deal than
Buy One, Get One Free!
Get your own Stimulus Package started today!
Enter Your Special Pricing in the Blanks Provided on the
Application Form.
Let's Do It, Get me an Application!
No Interest Charges or Carrying Fees!
That's CCFG's Total Fee! Limited Time Offer!
In 2008 this was a deal at $795,
and we still have no per item charges!
This is our Bailout Special, a far better deal than
Buy One, Get One Free!
Get your own Stimulus Package started today!
Enter Your Special Pricing in the Blanks Provided on the
Application Form.
Let's Do It, Get me an Application!
