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Repossession Stories and Questions

101 messages,  Last post on Nov 12, 2009 at 9:13 AM

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What is this discussion about? Car Financing


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#29 of 101
Re: lease payment [british_rover] by joel0622
Sep 11, 2007 (6:39 am)
Reply

Replying to: british_rover (Sep 11, 2007 5:26 am)

No kidding, they are laying off 22,000 people. I would say that is very close to the beginning of the end for them.
 
I wish I had the cash to invest in a apartment complex right now. With the path secondary lending is going in the mortgage biz there are allot of people who normally could qualify for a home that won't now, plus the folks who are going to lose there homes.
#30 of 101
Re: lease payment [joel0622] by british_rover
Sep 11, 2007 (6:42 am)
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Replying to: joel0622 (Sep 11, 2007 6:39 am)

Ha great minds think a like. A couple of weeks ago I was saying almost the exact same thing to a couple of my coworkers.
 
We bought our house a little over a year ago and it was our first house. I bet we would have a much harder time buying a house if we had waited a year or two.
#31 of 101
Honda financial by mookie14
Dec 19, 2007 (8:52 am)
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Hey guys it has been along time since i posted well i need help here is the story i was pymt behind but never 30 days so i just got me a new job now. i told honda that my wife who is a vet we got some help from one of the vet charities and my pymt was due the 18th so i told honda that the charity would be making the pymt for us and they mailed it out on the 12th or 13th. Remember i told them this before the due dated so to my surprise the pymt did not get there yesterday which i think it will get to them today. So they hit me with a 30 days past due on my credit reprts which i do not want i am trying to get them to remove it even though i know its not on there now. but i know it will be. Now i know i WILL NOT REPOED but i do like there product but there finance dept sucks of course they are in the biz to make $$$$$$$$$ but slack we all need it in some form or another i have never been 30 days on any of auto loans at all. I am hurt so i contacted the bbb so what are my chances i hope they are good besides all of that my credit cards well not all will suffer but i have talked to all of them but some i do not have the $$$$ so in lamens terms is a few 30 day past due bad on your report???? seeing that you will not be late over a period of time or pay it off help guys thanks. ps i got the auto in july 07 so if thats helps and its a lease 36 mths
#32 of 101
Re: Honda financial [mookie14] by blueiedgod
Dec 27, 2007 (1:30 pm)
Reply

Replying to: mookie14 (Dec 19, 2007 8:52 am)

Hey guys it has been along time since i posted well i need help here is the story i was pymt behind but never 30 days so i just got me a new job now. i told honda that my wife who is a vet we got some help from one of the vet charities and my pymt was due the 18th so i told honda that the charity would be making the pymt for us and they mailed it out on the 12th or 13th. Remember i told them this before the due dated so to my surprise the pymt did not get there yesterday which i think it will get to them today. So they hit me with a 30 days past due on my credit reprts which i do not want i am trying to get them to remove it even though i know its not on there now. but i know it will be. Now i know i WILL NOT REPOED but i do like there product but there finance dept sucks of course they are in the biz to make $$$$$$$$$ but slack we all need it in some form or another i have never been 30 days on any of auto loans at all. I am hurt so i contacted the bbb so what are my chances i hope they are good besides all of that my credit cards well not all will suffer but i have talked to all of them but some i do not have the $$$$ so in lamens terms is a few 30 day past due bad on your report???? seeing that you will not be late over a period of time or pay it off help guys thanks. ps i got the auto in july 07 so if thats helps and its a lease 36 mths
 
Punctuation, man, punctuation. It is hard to read. Good luck.
#33 of 101
Is it ever possible to get financing after repossession? by carbugs
Jan 22, 2008 (10:18 am)
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Has anyone been able to obtain financing after reposession with bad credit, of course?
 
Is there life after repossession?
#34 of 101
Re: Is it ever possible to get financing after repossession? [carbugs] by volvomax
Jan 22, 2008 (11:32 am)
Reply

Replying to: carbugs (Jan 22, 2008 10:18 am)

Time heals all wounds,including repo's.
If you are able to re-establish some credit(credit card etc) and have a good downpayment,good job and are financing a car well below book value you have a pretty good chance.
If you are looking to get a car right after a repo, good luck.
Your only shot is a buy here pay here lot.
#35 of 101
Re: Is it ever possible to get financing after repossession? [volvomax] by carbugs
Jan 22, 2008 (12:07 pm)
Reply

Replying to: volvomax (Jan 22, 2008 11:32 am)

Thanks for the reply.
 
How do you find buy here pay here lots?
#36 of 101
Re: Is it ever possible to get financing after repossession? [carbugs] by joel0622
Jan 22, 2008 (12:16 pm)
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Replying to: carbugs (Jan 22, 2008 10:18 am)

Belive it or not, if you have a good down payment ($2K on a $10K car) and are willing to pay the rate (18.9%-24.9%) you can have the repo man drop you off at a dealer on his way back from popping your car and have a new one before the sun sets.
 
Crazy isn't it?
#37 of 101
Re: Is it ever possible to get financing after repossession? [joel0622] by volvomax
Jan 22, 2008 (1:38 pm)
Reply

Replying to: joel0622 (Jan 22, 2008 12:16 pm)

Belive it or not, if you have a good down payment ($2K on a $10K car) and are willing to pay the rate (18.9%-24.9%) you can have the repo man drop you off at a dealer on his way back from popping your car and have a new one before the sun sets.
 
True, if the repo hasn't hit your bureau yet.
 
However, If you had the $2 grand,chances are your car wouldn't be getting repoed in the first place.
#38 of 101
Re: Is it ever possible to get financing after repossession? [carbugs] by volvomax
Jan 22, 2008 (1:38 pm)
Reply

Replying to: carbugs (Jan 22, 2008 12:07 pm)

Look for used car dealer ads.

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