This is tricky. There is no actual listing of the repossession on your credit report. There is a notation in relation to the debt owed.
For example: say you borrowed the money for your car from ABC Bank. ABC Bank will then show as a credit action on your report. Next to that will be the balance of the debt, potentially the length of the contract, and a month by month code of your payment history in terms of thirty day payments. If the loan is defaulted, this will be noted. If the vehicle is repossessed, this will be noted as well.
If no judgment is obtained, the notation will remain for seven years from the date of last payment. In the event of a judgment, it will remain for ten years.
all negative info stay on your credit report ten years.none negative itiems stay for seven years.This info is from transunioun.
Normally a repossession stays on your credit rating for 7 years. If you are repaying the loan, talk to the bank and see if they have reported it. They may or may not have.
Ten years from the date of discharge.
how long does personal judgement stay on credit in texas
of course. debt's just don't disappear.
NOTICE OF DROPPING PARTY DEFENDANT
Type your answer here... in the USA, 7 to 10 years
YES
For Experian, a voluntary repossession will remain on your credit report for seven years from the original delinquency date of the debt.
By federal law, 7 years from the date of repossession or sale or last payment. The state is irrelevant.
all negative info stay on your credit report ten years.none negative itiems stay for seven years.This info is from transunioun.
Normally a repossession stays on your credit rating for 7 years. If you are repaying the loan, talk to the bank and see if they have reported it. They may or may not have.
it can stay on your credit report for as long as 10 years.
A repo will stay on your credit report until the remaining balance is paid off or settled, you still owe the amount left on the vehicle even though the car is not in your possession.
Vehicle repossessions stay on you credit report for 7 years.
In New Jersey, a judgment can stay on your credit report for up to 10 years. However, it may be possible to have it removed earlier by resolving the debt or through certain legal procedures.
Of course it is. You voluntarily turn the car in for repossession. It will stay on your credit report for 7 years.