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Does Honda Finance Blacklist for a Repossess over 10 yrs?

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Contributor

Does Honda Finance Blacklist for a Repossess over 10 yrs?

Hoping someone here knows this. Thanks for the help.

FICO 08 Scores (Starting; BK Discharged 4/15): EQ 647, TU 655, EX 638
FICO 08 Scores (Mar-18): EQ 757, TU 736, EX 746
Score Goal: 741
Current Cards: Cap1 QS: $1500 | USAA Preferred: $16000 | PayPal MasterCard: $7500 | Discover Miles: $12000 | AMEX ED: $12000 | AMEX Cash Magnet: $1000 | Citi Diamond Preferred: $3700
Cancelled Cards: OpenSky: $200
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Frequent Contributor

Re: Does Honda Finance Blacklist for a Repossess over 10 yrs?

In my experiance, lender's have VERY long memories when it comes to reposession's. I think auto financing differ's a little from CC's, in that once you've had a reposession through a specific lender, chances are they will not be willing to finance you again.

 

I have seen people with reposession's through CITI auto finance back in the early 2000's, that Santander will still decline (Santander purchased CITI's auto lending portfolio in the mid-late 2000's) the applicant due to a reposession from their company.

AMEX BCE ($39,500) CITI AAdvantage ($20,500) Region's Platinum Card ($14,400) Discover IT ($23,000) Macy's ($7,000) Chase FU ($10,000) Barclay's Aviator ($22,000) TU:778 EX: 781 EQ:791
Message 2 of 3
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Contributor

Re: Does Honda Finance Blacklist for a Repossess over 10 yrs?

The answer was either: No, they don't or they might but it won't impede you from getting finance with them again.

 

Got approved for a lease on an Accord today. Dealer pulled TU and EX which were my best two scores at 744 and 743.

 

Thanks for the help.

FICO 08 Scores (Starting; BK Discharged 4/15): EQ 647, TU 655, EX 638
FICO 08 Scores (Mar-18): EQ 757, TU 736, EX 746
Score Goal: 741
Current Cards: Cap1 QS: $1500 | USAA Preferred: $16000 | PayPal MasterCard: $7500 | Discover Miles: $12000 | AMEX ED: $12000 | AMEX Cash Magnet: $1000 | Citi Diamond Preferred: $3700
Cancelled Cards: OpenSky: $200
Message 3 of 3
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