Personal Finance

urgent help - Missed 2 car payments. Will this affect my mortgage loan?

  • Last Updated:
  • Feb 12th, 2019 7:32 pm
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Deal Fanatic
Apr 16, 2007
7113 posts
2015 upvotes
Financial District B…
rooney8646 wrote:
Feb 8th, 2019 1:28 pm
urgent help - Missed 2 car payments. Will this affect my mortgage loan?
Only if you live in your car and looking to trade it in for a larger one(chattel)
----------------------------Licensed Credit Bureau member, S1, FI Automotive, CCP forums most banned = x 13 and counting, guess who that is?... stomped to the curb once again
Deal Addict
Nov 13, 2013
1653 posts
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Ottawa
jon991 wrote:
Feb 11th, 2019 10:42 pm
Only person in the room that knows what he is talking about.
Maybe but I would bet money that someone who misses two car payments doesn't have otherwise steller credit.
Deal Addict
Sep 24, 2018
1625 posts
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jon991 wrote:
Feb 11th, 2019 10:42 pm
Only person in the room that knows what he is talking about.
No one said hes screwed but it can cause an issue or two. If hes already approved some banks will ask for a new bureau at the time of closing and they might say "Show Evidence of Payments made", fell at work was a co signer for his daughters car, she missed a payment, caused him about a 2 week delay on his closing, theres other people that luck out, always state best and worst case scenarios
Deal Addict
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Mar 9, 2012
2622 posts
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Kitchener
rooney8646 wrote:
Feb 8th, 2019 1:37 pm
why its showing in public record? this is my question. i didnt went for bankruptcy
You may want to double check on that. I have a car loan (Ford), never missed a payment, though it shows a public record (the car is security). It shouldn't be a derogatory and is usually a thing they normally do.
How can we fly like eagles, when we're governed by Turkeys?
Sr. Member
Aug 17, 2013
529 posts
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Toronto
jon991 wrote:
Feb 11th, 2019 10:42 pm
Only person in the room that knows what he is talking about.
If he's asking on an online forum... he doesn't have great credit.

People who have good credit do not post on an internet board. People who tend to have bad credit always ask random people on internet forums.
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Dec 27, 2009
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orianna wrote:
Feb 12th, 2019 2:05 pm
If he's asking on an online forum... he doesn't have great credit.

People who have good credit do not post on an internet board. People who tend to have bad credit always ask random people on internet forums.
I have good credit, and I post here.
Sr. Member
Aug 17, 2013
529 posts
351 upvotes
Toronto
Chickinvic wrote:
Feb 12th, 2019 2:31 pm
I have good credit, and I post here.
Do you make threads about how "Does this affect my credit rating"?

A comparison would be Rich and poor. Rich people would not post on an internet forum about "will the bank repossess my home?". Poor people will ask these questions, the rich won't have these problems.

This is how i judge people. People who preach "not being toxic" are usually toxic. You do not need to preach this if you're not toxic.
Deal Addict
May 15, 2013
1523 posts
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Montreal
The big question here is what makes you think that you are not going to miss mortage payments?

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