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this is common sence yes it is every 30 days late goes on your credit and a repo is very bad you can get a nother car but you will have to put more money down and have a high interest rate.

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Q: How bad is a repossesion for your credit?
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Related questions

Can lexington law remove repossesion off your credit report?

No they can't.


How long does an auto repossesion stay on your credit report?

Negative reports on your credit score remain on your report for seven years.


In the state of Ca. How long is the statute of Limitations on a vehicle repossesion?

10 years, a repossession will stay on your credit for 10 years.


Is car repossesion automatically removed from your credit report after 7 years or do you have to request that it be removed?

Usually it is automatic, but it never hurts to double check.


How many points do you lose from your credit score from a voluntary vehicle repossesion?

The same as an involuntary; do not let anyone tell you different. AND they can still come after you for the balance and fees.


What are the release dates for Repossesion - 2013?

Repossesion - 2013 was released on: USA: 13 August 2013 (internet)


What actors and actresses appeared in Repossesion - 2013?

The cast of Repossesion - 2013 includes: Ashley Campos as Darlene


What bank you can go to get a bad credit loan you and your wife have bad credit?

Yes, you can get Bad Credit Loan.


What is a bad credit report?

A report about your credit that is bad.


What is a bad credit score?

425 is a bad credit score.


Where can you get a bad credit loan?

Yes, you can get Bad Credit Loan.


Does paying off a deficency on a repossesion take it off your credit as a repo?

NO. What this will do is satisfy the debt only. This will show in favor on your credit, but it will still show as a repo. You are better off paying the debt. If you are doing this, make sure to have them issue a satifaction of debt letter to the credit bureaus. This will increase your score.