Reply
Valued Member
Posts: 86
Registered: ‎09-11-2013
0

Re: Car loan with Santander and filed Chapter 7 - Was your car repossessed?

We gave ours back as soon as we filed papers..it was to much to look at knowing we paid double its value and still owed $6000 on it... we called them and told them to come get it. santander should be kicked out of our country.

Member
Posts: 6
Registered: ‎02-08-2014
0

Re: Car loan with Santander and filed Chapter 7 - Was your car repossessed?

Did it show a repo on your credit? I am in the process of getting my car delivered from 722 redemption. I am going to call Santander to come get my car after my new car in my parking lot.




Starting Score: 514
Current Score: 622
Goal Score: 700

Take the myFICO Fitness Challenge!

Contributor
Posts: 98
Registered: ‎01-21-2014
0

Re: Car loan with Santander and filed Chapter 7 - Was your car repossessed?

722 Redemption? Have you inspected the car prior to taking delivery? There are horror stories on the web about this program.


Starting Score 12/2013: 547 EQ; 529 EX; 540 TU
Current Score: 10/15/2014 661 EQ Fico; 679 EX (CU hard pull); 673 TU Fico
Goal Score: 700


Take the myFICO Fitness Challenge
Member
Posts: 6
Registered: ‎02-08-2014
0

Re: Car loan with Santander and filed Chapter 7 - Was your car repossessed?

I am not signing anything until I thoroughy check out the car. It is scheduled to be delivered on Saturday. I already ran the carfax on it so its clean on that front. I will let you know how it goes tomorrow.




Starting Score: 514
Current Score: 622
Goal Score: 700

Take the myFICO Fitness Challenge!

Valued Contributor
Posts: 1,319
Registered: ‎11-14-2013
0

Re: Car loan with Santander and filed Chapter 7 - Was your car repossessed?

I do not think they can legally report it as voluntarily repossed - they can only report it as IIB with a zero balance.

 

If they try any tricks - you can 1) dispute with the CBs, 2) do a DD and 3) complaint with BBB.

 

But do let me know about the 722Redemption.  Was going to do it until I read nothing but horror stories about it.

BK Discharge 2/11/14

Currently in the garden.
Member
Posts: 6
Registered: ‎02-08-2014
0

Re: Car loan with Santander and filed Chapter 7 - Was your car repossessed?

[ Edited ]

I will let you know. The driver called me today to confirm that the car will be delivered by 5-6pm tomorrow. I am so excited it looks really good on the photos. I also had Dan Nyman the sales guy (very nice guy) personally email me extra photos of the car. Outside of the photos from the website and I asked for particular photos of the car. To check for body damage and interior. The car looked even better in the photos.




Starting Score: 514
Current Score: 622
Goal Score: 700

Take the myFICO Fitness Challenge!

Member
Posts: 6
Registered: ‎02-08-2014
0

Re: Car loan with Santander and filed Chapter 7 - Was your car repossessed?

Hey guys. My 2012 Nissan Maxima was delivered today. The driver was super nice. He did the walk around inspection with me on the car. It is in prestine condition. Still smells like a new car. I 100% give a thumbs up to 722 redemption. Ask to speak to Beth Day. She is very nice and she answered all my questions and answered all my emails in a timely manner. They are saving me money on the the interest of the loan and on the loan payments. I am calling Santander first thing Monday morning to tell them to come get the Hyundai Sonata.




Starting Score: 514
Current Score: 622
Goal Score: 700

Take the myFICO Fitness Challenge!

Valued Member
Posts: 86
Registered: ‎09-11-2013
0

Re: Car loan with Santander and filed Chapter 7 - Was your car repossessed?

after discharge santander disappeared off our credit reports

Member
Posts: 6
Registered: ‎02-08-2014
0

Re: Car loan with Santander and filed Chapter 7 - Was your car repossessed?

Santander deleted my loan after I filed my BK




Starting Score: 514
Current Score: 622
Goal Score: 700

Take the myFICO Fitness Challenge!

Established Member
Posts: 17
Registered: ‎02-18-2014
0

Re: Car loan with Santander and filed Chapter 7 - Was your car repossessed?

Funny story,

 

After I got my car one of my co-workers noticed my new car. She noticed the dealership on the front tag plate. She asked me quietly you filed for BK? I was like how did you know? She was like I did it a few years back and went through 722 redemption and thats the same dealer that I bought a car from. She loved the car she received from them and she had affordable payments.


Starting Score: 514
Current Score: Credit Karma 663 Credit Sesame 611 My Fico 601
Goal Score: 700

Take the myFICO Fitness Challenge!
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.