Having issues with your auto loan and losing a car is a difficult experience indeed. What's worse is, this doesn't just leave you without a car. It also negatively impacts your credit for years to come, which makes it even harder to qualify for another car, or a loan or credit card, or a mortgage.
Having issues with your auto loan and losing a car is a difficult experience indeed.
What's worse is, this doesn't just leave you without a car. It also negatively impacts your credit for years to come, which makes it even harder to qualify for another car, or a loan or credit card, or a mortgage.
Lenders may be able to start the repossession process after just the very first missed payment, and if you've ever tried to help a client that had a repo on their credit report, you probably found out that getting repos is quite challenging (compared to almost any other type of item on a credit report) because of the little nuances that lie within the contract of the auto loans.
But the good news is, you are not powerless. You are a Credit Hero. You have options.
There are three expert tactics that can really help you to permanently remove repos, and I will break them down for you in this episode.
So stick around!
Key Takeaways for This Week:
- Was your client’s car repossessed by the lender? (0:00)
- What exactly is a repossession? (1:16)
- Factual dispute tactic (3:22)
- Credit sales discrepancy (7:44)
- “How the heck was I late paying after you took the car” strategy (10:32)
- Targeting other types of repos (12:46)
Additional Resources:
- Get a free trial to Credit Repair Cloud Here:
http://www.creditrepaircloud.com/freetrial
- Sign up for the Credit Hero Challenge Here:
https://creditherochallenge.com/live
- Get my free credit repair training:
http://creditrepaircloud.com/freetraining
- Register for my FREE Credit Building Products mini-workshop:
https://www.creditrepaircloud.com/credit-building-products-workshop
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