Auto Loan Charge Off

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Posted on March 06, 2019 at 19:11 PM

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What Does a Charge-Off Mean on a Car Loan? - Budgeting Money
A charged-off car loan, therefore, is a loan that the lender believes will no longer make it any money. Repossessions and Charge-Offs Anytime you have a car loan and fail to make a payment, the lender may choose to repossess the car.
Must I Still Pay A Charged-Off Car Loan? |
Yes, a lender can — and often does — charge interest on a car loan that has been charged off. A charge-off is technically an accounting issue that moves the account from the asset column to a ...
How to deal with an auto loan charge off | Credit Karma
How to deal with an auto loan charge off After getting out of the military I found it difficult to get a good paying job so I allowed my auto loan payment to go delinquent for 16 months. I now have a pretty good paying job and am able to make payments.

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