Makiki-ride lang sa thread na ito. Actually, I can still afford to pay but I'm thinking of "restructuring" our finances to make room for a housing loan.

A dumb question but what exactly are the consequences if a car is repossessed? If I give up the car, will it still count as repossessed? Will it ruin any future loan (personal, housing) applications even if your monthly income suggests that you are capable of paying?

If I decide to sell my car na "assume balance" , will it have the same consequences as getting the car repossessed?

Tapatalked