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    junior23's Avatar
    junior23 Posts: 7, Reputation: 1
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    #1

    Jan 14, 2007, 01:21 PM
    Repo
    How badly does a voluntary car repo effect your credit score ? And is there such a thing a voluntary repo to begin with
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Jan 14, 2007, 10:51 PM
    A repo is still a repo not really any different.


    Unless they will agree ( and seldom do) after they take the car back, even if you just give it to them, they sell it and you still owe the difference from what they sell it for and how much you owe.
    KMSRyana's Avatar
    KMSRyana Posts: 142, Reputation: 26
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    #3

    Jan 15, 2007, 09:58 PM
    Yes, there is a distinction on the credit bureaus between an "involuntary repo" and a "voluntary repo". However, there is no distinction between them as far as how they affect your credit and your credit scores. Likely, your scores will drop dramatically, depending on where they were to begin with.
    SkYler91's Avatar
    SkYler91 Posts: 2, Reputation: 1
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    #4

    Feb 28, 2007, 05:54 PM
    Voluntary rep for the new motorcycle 2006 I just brought.. can't afford any more monthly payment and had been up on the ads.. no response..

    What is the steps for volunaty repo and do I need to continues to pay any fee after the motorcyle been taken away? Any advice will be helpful
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