Will this go against my credit?

Question

I got a car title loan from a cash cow about 3 months ago to repair some issues with my car every since, every week something is going wrong with it. Now my transmission went out . I bought another one and it's no good. So I'm out that money too. The car is a 1996 crown victoria. I still owe $997.00 I have made all my payments on time if not early but no longer want to deal with this migraine of a car. If I call them to come and get the car will it go against my credit. Im in the process of getting a new car but don't want to pay all this interest on a car that will not go forward or backwards. Please help!!!!!!!!

Answer 1

please help with this

http://answers.yahoo.com/dir/index;_ylt=...

i think you will be fine though

Answer 2

Yeah, they'll probably report it.

You're between a rock and a hard place. Personally, I would pay to keep the car because if you don't, your credit score will hurt pretty bad for the next two years. Get the car running again and sell it, or pay what you owe on it and then sell it for parts.

You'll be laughing about this clunker in five years if you pay it now. If you let it be repossessed, you'll be dealing with bad credit five years from now.