If the account contains any incorrect, incomplete, misleading, erroneus, or misleading information, the repossession may be deleted from your credit report. But you do not need to hire a lawyer and pay thousands of dollars. You can hire a credit repair service which will be a lot more cost effective.
No you cannot remove a repossession off your credit report if your cosigner has a judgement on the repossession.
i need to get a repossession off my credit report
Actually, it doesn't just come off your record. It will show as a repossession, but it will show as no balance due.
7 years
A repossession hurts your credit score whether it is voluntary or not. The creditor will report late payments, a charge off status, and a balance if one is owed. A repossession may hurt your credit score anywhere from 60 to 120 points.
If your power gets shut off and you go in and pay the bill current, did your power get shut off?
Yes, there is no difference. A repossession is a repossession.
One will have to prove to the CB that one wasnt responsible. It will likely involve paying an attorney. Good Luck.
A repossession is a serious negative and will drop your scores.
A repossession will significantly lower your credit score, regardless of the balance. It will take around 7 years before the repossession is removed from the credit report.
It won't fix it, but paying off any remaining debt from the vehicle should help your credit rating. Unfortunately, a repossession will linger on your credit report for about 7 years.
Absolutely. Repossession, whether voluntary or involuntary, show on your credit report as a charged off account. This designation is similar to a collection account and shows that you did not repay the vehicle loan. Such a listing in your credit report would have a significant negative impact.