0
Can they leave the repossession on your credit report if you still have the car you have paid and totally caught up?
Wiki User
∙ 17y ago
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.
Wiki User
∙ 17y ago
Add your answer:
Earn +20 pts
Can you remove a repossession off your credit report if your cosigner has a judgment on the repossession?
No you cannot remove a repossession off your credit report if your cosigner has a judgement on the repossession.
What will a repossession do to your credit report?
A repossession is a serious negative and will drop your scores.
Need to get a reepo off my credit report?
i need to get a repossession off my credit report
Does bankruptcy remove a repossession from your credit report?
No.
How long after repossession can you get a car loan?
The repossession stays on your credit report for 7 years.
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 do you remove a repossession on your credit report after bankruptcy is discharged?
You present proof that the repossession never occured. You can dispute it with the credit reporting agency.
How bad does a car repossession affect your credit report?
A Lot.
Does a repossession stay on your credit report if you get the car back?
YES
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?
It stays on your credit report 7 years from the date of settlement not the date of repossession.
How can a repossession with a zero balance affect a credit score and can it be removed?
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.
How does having a repossession removed from your credit report affect your credit?
Anytime a negative item is removed from your credit report, it will raise your credit score unless new collections are added to your report.
