Credit Reports

Does a car repossession go on your DMV report or only on your credit report?


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Wiki User
2015-07-15 18:40:27
2015-07-15 18:40:27

Only on your CREDIT REPORT. DMV doesnt care how you got it or got rid off it, as long as ya dont steal it or sell before ya pay for it.


Related Questions

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No. The DMV has no idea what you paid for it or sold it for, so they have no amount to report to the IRS.

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There is a possibility that you licenses could be suspended. If you are hiding the car from repossession, you technically are stealing the car. The finance company can contact DMV and have the registration revoked and report it as stolen. Give the car back. Nothing good ever came out of hiding one from the repo man. They WILL get it eventually.

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Yes. If you have a driver's license, you're required to report your new address to the DMV, and get an updated license. You typically have 30 days to do this.

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Yes. The DMV (Department of Motor Vehicles) has nothing to do with whether or not your vehicle was reposessed (nor do they care). This will, however, affect your credit and ability to buy another vehicle.

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If you know or suspect that it was stolen and not just lost - report it to the police and DMV immediately. Request that the DMV issue you a new license with an entirely new license number. Also - since drivers licenses are almost universally accepted as valid ID, you may want to consider contacting your credit card companies and/or the credit reporting services that operate in your area of the country, and report the matter as well.

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