For Experian, a voluntary repossession will remain on your credit report for seven years from the original delinquency date of the debt.
NOTICE OF DROPPING PARTY DEFENDANT
Type your answer here... in the USA, 7 to 10 years
By federal law, 7 years from the date of repossession or sale or last payment. The state is irrelevant.
Of course it is. You voluntarily turn the car in for repossession. It will stay on your credit report for 7 years.
It hurts you credit tremondously. It will stay on your credit report for 7 years, and there is nothing you can do about it. Do not allow your car to be repossed. Voluntary repossession on not any better. Contact the lender and work something out.
of course. debt's just don't disappear.
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.
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.
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...
Vehicle repossessions stay on you credit report for 7 years.