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  1. #1
    Join Date
    Apr 2019
    Posts
    1

    Default Will Your Car Loan be Reported on Your Credit if You Default

    Car does not show on credit report nor do i want it to. So if i decide to stop making payments and voluntarily return the vehicle. My credit should not be affected right?

  2. #2
    Join Date
    Sep 2010
    Posts
    19,047

    Default Re: Car Not on Credit Report

    That's not a safe assumption. It's not also safe to assume the lender will not take further recourse against you just because you dumped the car back on them. They don't want the car, they want their money. Even if they don't report to the credit bureaus, if they sue you and get a judgement THAT will show up.

  3. #3
    Join Date
    Mar 2013
    Posts
    16,953

    Default Re: Car Not on Credit Report

    Quote Quoting Goose5941
    View Post
    My credit should not be affected right?
    I'd be willing to bet just the opposite.

  4. #4
    Join Date
    Oct 2014
    Posts
    7,291

    Default Re: Car Not on Credit Report

    Quote Quoting Goose5941
    View Post
    Car does not show on credit report nor do i want it to. So if i decide to stop making payments and voluntarily return the vehicle. My credit should not be affected right?
    Don't assume that the creditor (or whomever buys the account once it goes into default) won't report the delinquency to the credit bureaus. The odds are actually more likely that the delinquency will be reported. And returning the car voluntarily will not by itself relieve you of the loan amount outstanding.

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