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What if the lender offers to just take the vehicle back and forgive the loan? Will it affect my credit report?

  • Listed: August 12, 2022 1:58 pm
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What if the lender offers to just take the vehicle back and forgive the loan? Will it affect my credit report?

You must get the lender to state in writing that returning the vehicle fully satisfies your loan; otherwise, you may still be liable on the loan and for any deficiency.

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Listing ID: 90862f65c717eba6

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