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Does voluntary repossession hurt your credit?

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Wiki User
2015-07-15 18:46:19
2015-07-15 18:46:19

YES, on a CR, a repo is a repo.

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A repossession is a repossession, no matter if it is voluntary or not. Your credit will be ruined for 7 years.

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Yes, there is no difference. A repossession is a repossession.

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For Experian, a voluntary repossession will remain on your credit report for seven years from the original delinquency date of the debt.

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Yes, but perhaps not as adversely as an involuntary repossession.


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