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How long does it take for a repossession to show on your credit?
Wiki User
∙ 17y ago
Depending on the lender--it could show up the day they pick up the car or 30 days from picking up the car. It is not an exact science--most lenders send an update once a month--and it doesn't mean that everyone sends it at the beginning or end of month--it can be any date. Some lenders may update twice a month--the second usually being done manually if needed. If you are looking to finance--take the first step- put in an application at dealership where you might have a friend working so the blow may not be so embarrassing. Do it quickly as once it is on your credit, most lenders will require a co-signer IF they do any financing at all.
Wiki User
∙ 17y ago
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How can a repossession with a zero balance affect a credit score and can it be removed?
A repossession will significantly lower your credit score, regardless of the balance. It will take around 7 years before the repossession is removed from the credit report.
How long will it take to show something paid off on your credit report?
Now, not too long. Check with the company you owed and see what credit agencies they report to and then contact the agencies directly.
What happens if you stop paying your credit card bill?
your credit will be screwed... and it will take a long time to get good credit agian.. your credit will be screwed... and it will take a long time to get good credit agian.. your credit will be screwed... and it will take a long time to get good credit agian..
How long does it take after paying off a credit card for it to show up on your credit report if you are going to apply for another loan?
about 30 days, but don't close the card just yet that will have a negative impact on your credit score.
If cosigner pays off a defaulted loan is there a way to have a repossession removed from cosigners credit?
The LENDER put the repo on there so they will be the one to take it off. NEGOTIATE.
Repo how long will it take to get on credit report?
If your vehicle is already up for repossession, it is already on your credit report as a delinquent or defaulted debt.
How can a repossession with a zero balance affect a credit score and can it be removed?
A repossession will significantly lower your credit score, regardless of the balance. It will take around 7 years before the repossession is removed from the credit report.
When a company checks your credit how long does it take to show up on your credit history?
All inquiries stay on for 2 years
How long does the repossession process of a car usually take?
The repossession process of a car usually takes about 6 months
If you've recently paid off several credit cards how long does it take for the zero balances to show up on your credit report?
Not long at all. It should show up in your next statement or the one after it.
How long will it take to show something paid off on your credit report?
Now, not too long. Check with the company you owed and see what credit agencies they report to and then contact the agencies directly.
How long does it take for a car repossession to show up on your credit report?
1-6 months depending on the lender. Once the vehicle is picked up and sent to auction which will happen in 30-60 days.Once the paperwork is processed when the vehicle is picked up the cbr should be updated within 30 days.
What happens if you stop paying your credit card bill?
your credit will be screwed... and it will take a long time to get good credit agian.. your credit will be screwed... and it will take a long time to get good credit agian.. your credit will be screwed... and it will take a long time to get good credit agian..
If someone opens up a new loan account or line of credit how long will it take for that new account to show up on their credit report?
30 to 90 days
Once the loan goes to the repossession department how long do you have before they take the car?
as soon as they can find it
How long does it take for a judgment to show up on your credit report after it has been issued by the court?
Usually within 30 business days.
How long does it take for a new car loan appear on you credit report?
about 3 mo.but it my take up to 12 mo for you to get any credit rating from it.it takes time to show that you will pay a loan on time correctly.
