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How To Invest in A Automobile Following A Repossession – Poor Credit score Car Bank loan Acceptance – GoSimplyPro





Earlier Repossession Car Bank loan Banking companies Around You

2nd Prospect Credit score Playing cards To Make improvements to Your Credit score Score

Qualified FICO Expert Calvin O’Neal Russell Jr goes around the very simple actions essential to get permitted for a automobile soon after a repossession. Following having his automobile repossessed on his twenty first birthday, to having a double digit desire rate, to having % on a new automobile with $ down.

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Earlier Repossession Car Bank loan Banking companies Around You

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21 comments

  1. Can you email me yatahrobinson@gmail.com

    Reply
  2. Hey man I definitely need some help and advice! Some things happened after I moved to a new city and now it’s tough, I’m in this exact situation now and trying to figure a way out

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  3. Love your videos and knowledge. Question…are auto loan charge offs looked at as the same as a repossession? And will it be hard to get a new auto loan with a old auto loan charge off on your credit report? Thanks a lot

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  4. Awesome video. What’s the best time to call you. I need help my car get repo a month ago.

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  5. Great video. I feel empowered by your experiences. I am going to be purchasing a car after a repossession last year. My financial situation is changing for the better, so I appreciate you giving me the confidence to move forward.

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  6. I have a simple answer to this question of how to buy a car after repo. It will be lengthy, but please follow along.

    Pay cash! Why have car payments? Lets say you have to put down $1,000. You could buy a reliable Toyota Corolla or Camry for that price. It won't be the most exciting ride, but it's YOURS and it can't be repossessed! Awesome right?

    Now take the $400/month you WERE going to pay on car payments, and put it in a cookie jar. In 10 months, you have $4,000. You can probably sell your beater for $1,000. In 10 months, you can buy a $5,000 car and repeat the process…$400 again for 10 months. You maybe sell your $5,000 car for $4,500. You can now buy an $8,500 car. Do this just one more time for 10 months. Sell your $8,500 car for maybe $7,500. You can now buy a $13,500 car with no payments.

    A $13,500 car is what represents a $400/month car payment at the 25% APR mark, post-repossession with $1,000 down, over 60 months. By taking out a loan though, you end up paying $23,775 for that $13,500 car. Oh and its paid for in 30 months, not 60. You have your life back 30 months sooner, and you get to keep $10,275 of your money…think about how else you could use that money! You will have to wait for that nice car, but keeping $10,275 of your money makes that completely worth the wait!

    Shoot…that almost pays for a degree at a technical college, if it doesn't actually cover it, to further better your life. Or that would make a very nice dent in your mortgage! Think about if you could pay your mortgage down by $10,275! That would make a great down payment on a modest house. The possibilities are endless!

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  7. very helpfull thanks

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  8. Bingo. Gooood video👌👌. Not a whole lot of pointless, fancy words just some good simple tips.

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  9. My credit is crap right now I only have student loans on my credit with in the past 6 months I have lost 200 points from interest going up by 60 dollars and I don't owe them that much

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  10. Thank you god blessed

    Reply
  11. I had a recent reposseion on July 13th, & I have been trying to get another vehicle and have no success. How can I go about trying get another vehicle. I currently live in San Diego. My email is cfleming080591@icloud.com

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  12. What's the best time to call you?

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  13. Thank you. Great Video

    Reply
  14. my credit score is 422 and I just got my repo how do I work on getting my credit up

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  15. yes that will be great Mon will be a better day 11 am is a good time is that good for u?

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  16. wow thank u were do I begin with this credit process I wanna get started don't kno were your channel is teaching me so much …your an angel

    Reply
  17. wow thank u so much

    Reply
  18. Hey man, about how long does it takes an Bnk or Credit Union to very Employment ?

    Reply
  19. hi did u put the banks down at the bottom

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  20. WHAY IF THE REPOSSESSION HAS BEN TAKEN OFF OF YOUR CREDIT REPORT???

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  21. thank you! so much!

    Reply

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