Should I get a loan to pay for my repossession (car)?
February 9th, 2010 by admin
I owe 8000 on a repossession. I’m paying $175 a month. If I settled I could pay $5000 or $6000. Should I get a personal loan for this amount? The financing co. says that if I pay the settlement they will “remove the derogatory marking from my credit report” I ask because I am thinking about buying a house or at least moving to another apartment and the bank says that I can’t be considered without paying off the reposession. My credit score is 640. Thanks.
Repossession
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