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Old 03-25-2009, 06:58 AM   #22
Deegee
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Join Date: Mar 2006
Location: Edmonton, AB
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Quote:
Originally Posted by evilcougar View Post
also, tid bit on car loans....if you can not afford your car anymore, and you give it back to the creditor, they can still report it as a reposession...its considered a voluntary reposession.
And depending on the institution the remaining balance on the car loan will be assigned to collections. So not only will that trade report poorly, but you will also have a public record filed. Yay.
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