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Anuta_ua [19.1K]
3 years ago
12

What are three possible consequences of defaulting on a car loan

Mathematics
2 answers:
Kamila [148]3 years ago
5 0

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:

Ganezh [65]3 years ago
5 0

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!!!

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