Repossession
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Can they leave the repossession on your credit report if you still have the car you have paid and totally caught up?

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Wiki User
June 13, 2006 3:34AM

Yes it stays that is what happened, by bringing your payments current you don't change the past. It stays. That's what a credit report is about, "your payment history" Yes but the poster has a point the car was not repoed in the traditional sense ....it is more what i like to call repo-lite.Back before anyone with a pulse could get a car loan repos were far less common hence a seven hit on your credit.There really should be a another way to report it rather than an outright repo because it really isn't.