Should I get a loan to pay for my repossession (car)

yes i think that the below website will help you to find the right solution.

I think that you should not get into further debt by getting
a new loan to pay off the bad loan. derogatory credit can
only be indicated that you paid off, but not removed. You should make a wise decision with making
a larger payment arrangement with the creditor to pay off over time, perhaps within 1-2 years without struggling.
You may have to wait with the new house or apartment
until you are able to do so.

Yes ofcourse you will get one. Now banks hardly see your credit before giving loans and you have 640 which is almost good. You can try to find some with low interest rates and with easy terms.
To know more visit
http://geteasyloans.blogspot.com

No! The repo is always going to show in ur report for the next 7 yrs & depending in the state u live in it may be longer or less years that show in the credit report.Your credit score is not going to drop unless u stop making those 175.00 payments. Your credit score will now be based on ur current payment plan u have but, with a repo in the notes.So u can have a 720 with a deragatory account or revolving accounts.Also just so u know making a loan will only decrease ur score & give u 2 pymnts now.The only thing ur doing is reducing the amount u owe for the car.The banks offer many types of loans for this type of situation dont get a loan & dont get a morgage loan application now wait at leat 6 months & there is apartments out there that will take u after they see how u r paying the repo back.

That is not a terrible credit score, & u can probably find a mortgage with it. That said, if u can get out from the under the repo with a settlement, u might be better off. Question is what interest rate you'd pay for the personal loan. I'd look at the total picture with a cold, hard eye, adding all the dollars up with the different options. Better credit score, lower mortgage payment. Worse credit score, higher payment. Repo company charging u $175/mo to pay off the $8000--what is the interest rate? How long will u be paying? What would be the interest rate, payment amount, & time period to get a personal loan to pay off $5-6,000?

If you have a 640 score with a repossession that is awesome. Talk with a mortgage broker rather than a bank loan officer. The fact that you have a plan in place that you've been paying $175 for is good. Hate the idea of you paying $8000 and still not having the vehicle.