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If you have a car loan and it breaks down does it affect your credit score when you give it up to the bank?

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  • If you have a car loan and it breaks down does it affect your credit score when you give it up to the bank?


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Answer #1 | 29/03 2017 05:33
You don't get to give your car back if it breaks down, unless it's covered by the lemon law or another warranty.
Answer #2 | 29/03 2017 05:13
tl;dr thanks for the 2 points loser
Answer #3 | 29/03 2017 09:15
If you surrrender the car, it will be repored to the credit bureaus as a repo.Whatever the balance is left after they sell it for, you will be responsible for the defiency balance. If not paid in full after 30 days, they will probably sue you for the balance. If you owe more than $10.000, you should contact a bankruptcy attorney.
Answer #4 | 29/03 2017 07:53
yes of course
Answer #5 | 01/04 2017 23:44
Hello, I am Mrs. Stacey Buckley, a legitimate, reputable money lender. We are a company with financial assistance. We loan funds out to individuals in need of financial assistance,or in need of money to pay bills, to invest on business. I'll be glad to offer you a loan. Email us now via ([email protected]) Name Of Beneficiary:......... Country:............. Amount Required............ Loan Duration:............ Phone Number............. Regards. Mrs. Stacey Buckley .
Answer #6 | 29/03 2017 06:31
It doesn't matter whether the car works or not. If you don't pay the loan, then it affects your credit score.

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