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How does a car repossession affect getting a home loan?
This is a discussion on How does a car repossession affect getting a home loan? within the General Chat forums, part of the Main Category category; I recently lost my job and with the price of gas my husband I and I can longer afford our ...
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05-06-2008, 09:54 AM
| #1 |
| Junior Member Join Date: May 2008
Posts: 1
| I recently lost my job and with the price of gas my husband I and I can longer afford our SUV payment, gas, & insurance. We were thinking of handing it back over to the bank to just be done with the whole thing. We want to buy a home in a few years. How will this affect us? |
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05-06-2008, 09:54 AM
| #2 |
| Junior Member Join Date: May 2008
Posts: 1
|  It will look bad on your credit for sometime. But it doesn't look as bad as them coming to get it from you after you fall behind. Go talk to the bank sometimes they will work with people to make smaller payments. |
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