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If a repossession stays on your credit report seven years does that start from the date of the repo or the date of the final sale?
Wiki User
∙ 8y ago
It stays on your credit report 7 years from the date of settlement not the date of repossession.
Wiki User
∙ 8y ago
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How will voluntary repossession of my home in Texas affect my credit?
The effect on your credit will depend on how the lender chooses to report it to the credit bureau. Sometimes a lender will be willing to report it 'paid as agreed' or 'settled' entry on the credit report rather than an actual repossession. If it is reported as an actual repossession or foreclosure it will be on your credit for seven years and negatively effect your rating.
How long does a voluntary repossession stay on your credit report?
For Experian, a voluntary repossession will remain on your credit report for seven years from the original delinquency date of the debt.
Can a repossession stay on your credit report for more than seven year if debt is not paid?
of course. debt's just don't disappear.
How will voluntary repossession of a vehicle affect a persons credit score?
Same as a regular repo. The creditor may still put the repossession on your credit report and it would stay there for up to seven years. Notice the word "may", because it is at the creditor's discretion...
If you have been told you have a delinquent debt with a car repossession that was charged off in 1994 can this debt be placed on your current credit report even though you have denied ever owning the car?
A repossession that is over seven years old is not supposed to be on your credit report. It is not unusual for a collection agency to illegaly "reage" a debt in order to try to pressure you to pay. From your post it does not appear that you know what is on your credit report. If you have been denied credit then you are entitled to receive one for free. Contact information for the three credit reporting agencies can be found at solidgoldhomebusiness.com If this item is actually on your credit report then you can dispute the information and demand verification. Dispute instructions will be included with the report.
How long does a foreclosure stay on your credit report?
A foreclosure will typically remain on your credit report for seven years.
How long does a house repossession stay on your credit once it has been paid off in full?
all negative info stay on your credit report ten years.none negative itiems stay for seven years.This info is from transunioun.
How long does a satisfied judgment stay on your credit report WA?
A satisfied judgment can stay on your credit report in Washington for up to seven years from the date it was filed. However, its impact on your credit score diminishes over time as you build a more positive credit history.
How long does foreclosure stay on your credit report?
A foreclosure will typically remain on your credit report for seven years.
How bad will a rep hurt your credit?
A repossession will remain on your credit for seven years, which will decrease your credit score. You should work out a payment arrangement with the creditor to avoid it.
If you had vehicle repossessed seven years ago and it has been turned over to a collection agency will the collection stay on your credit report until it is paid in full?
* The question is a little vague, however here's what I can say: IF, and it should have been, the repossession was first put on his credit report 7years ago then no. Any negative credit - excluding bankrupcy - by law must be taken off your credit report after 7years of its last active date (this is either when it was put on, or when you last paid it).
How long credit card debt stay on credit report?
seven years
