How will a voluntary repossession affect my credit?
Saturday, August 1st, 2009
I took out an auto lease for my husband to get a car last july.
(i paid $4000 down for him to get an lease car..still remaining 21 payments amount of $500 per month..)
But i am getting a divorce with him without attorney (actually i am filling marriae nullty because of fraud..also there is no way that i can contact with him..he just left from me and took the leased car.. he is immigration.. tried to get green card through me..) He failed make a payment for two months also didn’t pay for the insurance for a while.. I am a full time student..i can’t handle his car payment.. I called Cops but they can’t help me because it’s a regaI matter..so I called the car finance company in this morning and they told me i can sign up for the voluntary reposseeeion.
Some Additional Resources:http://www.cbsnews.com/stories/2010/06/23/business/main6611207.shtml
Jun 23, 2010. Detroit Auto Giant Looks to Buoy Sales By Working With Banks to Set Up Deals With Low Credit Scores.
http://www.carbuyingtips.com/finance.htm
Looking for a bad credit auto loan? You should read our chapter for people with bad.. but now you make more money, you’ll find you are cash rich, and credit poor.. With new car buying, the dealer tells you that with bad credit,
http://www.carbuyingtips.com/refinance.htm
A bad credit score can cause you to pay much higher loan interest rates, and can adversely.. “fair”, and “poor”, buckets, charging you lower APR than car dealers.. If you’re buying a car on the hairy edge of what you can afford,
Do you think sign up for voluntary repoesseion is best way for my situation? also how will a voluntary repossession affect my credit?? any penaly??should i wait for the divorce result? please help me..sorry for the bad g
rammars.

