If you win the jackpot, you will have to make many decisions about how to spend your money. But first, you have to choose between the annuity or cash options. Jackpot winners have 60 days from the claim date to select either the 30-payment graduated annuity or the cash option.
Defaulting on a loan, having a car repossessed, or making a late payment all stay on your credit reports for the same amount of time when the borrower reports them. All negative marks including repo (except a bankruptcy) stays on your credit report for seven years. A bankruptcy stays on your credit file for ten years. Repossessions also have a much more severe impact on your credit score than just missing a payment or paying late. Repossessions and defaults carry severe penalties to your credit score and can reduce them by one hundred points or more in one swoop.
how long does an eviction stay on your credit report and how long for a car reposession? also, would like to know if it's wise to file bank ruptsy/chapter 13,if that's what is, when most of my problems are unpaid medical bills which total $3400 and i have a car loan w/a balance of $6500 which all payments have been paid %100 on time and i just got a capital one cc which i was approved for?