Best Answer

Did the lender get a JUDGEMENT? What state are you in? The 7 yr. part is a fed law that a JUDGEMENT must be removed from your CR 7 yrs. from the date of judgement. As part of (and BEFORE) the payoff, try to negotiate with the lender to remove the repo from your CR. email me if you need more info. PS Congratulations on paying the car off. You are likely one in 100000 who do so. My compliments to you.
User Avatar

Wiki User

โˆ™ 2015-07-15 21:23:25
This answer is:
User Avatar
Study guides


26 cards

What is forfeiture

Which of these is the best description of delinquency

Which term is defined as property that is pledged as security on a loan

This is Paula's monthly budget What percent of her expenses is spent on insurance

See all cards
3 Reviews

Add your answer:

Earn +20 pts
Q: Does the 7 years on your credit report start from the date of repossession or when you finally finish paying the balance?
Write your answer...
Still have questions?
magnify glass
Related questions

What is the opposite of finally finish?

newly started

Do you have to finish payments after your car is reposessed?

You have to pay off the debt. The car itself will take car of part of that when the lienholder sells it at auction. You'll have to make up the difference between what it sold for and what you still owed (and you'll have to pay for the repossession expenses also). If by some miracle the car sold for more than the debt and the repossession expenses, then you should get a check back for the balance. However, how they'll handle this is almost certainly not by having you "finish payments". Call the lienholder and find out what they want you to do.

What is the base word for Finally?

the base word is Finish.

How do you get into balance school wizard101?

you finish the sun pyramid and then you find a ladder by the kroctospinx and find the balance school

Where will the storm finally finish and when?

2011 or 2012 maybe austrailia or england

What is a phrase that can help you remember how to shoot a basketball?

Alignment, balance, finish

Were do you get the hydra pet in wizard101?

You Have To Finish The Level 48 Balance Quest

How long does it take to finish 122 college credit hours?


What is the climax in A Christmas Memory?

It is when they finally finish making the cakes and they celebrate christmas.

What does finally mean'?

It means the end of something or 2 finish something or at the end of something

What phrase could you use instead of In conclusion?

lastly, to finish, to round this off, finally

What does finally mean?

It means the end of something or 2 finish something or at the end of something

People also asked