What are three possible consequences of defaulting on a car loan

Question

What are three possible consequences of defaulting on a car loan

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Brielle 1 month 2021-09-11T09:43:50+00:00 2 Answers 0

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    0
    2021-09-11T09:45:30+00:00

    Answer:

    Your credit score will take a hit. Just being late on your car loan repayment will likely lower your credit score.

    Your car may be repossessed and sold.

    You may still owe your lender after your car is repossessed.

    Your remaining debt could be sent to collections.

    Step-by-step explanation: Hope this Helped!!!

    0
    2021-09-11T09:45:33+00:00

    Answer:

    Your credit score will take a hit. Just being late on your car loan repayment will likely lower your credit score. …

    Your car may be repossessed and sold. …

    You may still owe your lender after your car is repossessed. …

    Your remaining debt could be sent to collections.

    Step-by-step explanation:

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