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I'm struggling to find a way for this to happen. If they took the car the first time, how did it come back for a 2nd repo? I have to imagine that you somehow bought the car once more and somehow landed financing for it again. Then, the 2nd company repossessed it. If this is the fact pattern, yes, it will show up twice.

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โˆ™ 2006-03-27 20:31:01
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Q: If a car is repossessed twice will it show up on your credit twice?
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If you're married and your husband's car is soley in his name and was repossessed will it show on your credit as repossessed?

No, because you have your own separate credit report.


What happens to your credit when your car is repossessed?

You end up with HORRIBLE credit if you don't pay your bills and you let your possessions get repossessed.


If you get a repossessed car back is it removed from your credit?

No. Your credit report is a record of all transactions on reported accounts. The repossession will show in the history, but so will the redemption.


What happens to your credit after a car is repossessed?

Normally your credit is ruined for 7 years.


Is it better to turn your car in that to have it repossessed?

It will still show up as a repo on your credit report, even if you brought the car back and told them you can't pay for it.


If you already have 1 car repossessed does having a 2nd repossessed hurt your credit even more?

yes


How bad does it affect the cosigner's credit if the borrower has the car voluntarily repossessed?

It has the same effect on the credit.


If you allow a car you cosigned for to be repossessed then pay off the balance after it is auctioned will it still affect your credit?

IF you can pay it off AFTER it is sold, it will still show as a repo on your credit. BUT if you can payoff then, pay it off NOW and you get to keep the CAR.


If a car is repossessed and the loan is paid in full and you get your car back do you still have a repo on your credit report?

IF the lender posts a repo on your CR, you have one. You will have the repo on your credit report, but it should also show up as "redeemed".


How soon can you buy a car after a car has been repossessed?

You can buy a car right after your car has been repossessed. It will however, depend on whether your credit is stable enough to qualify or if you have the cash to pay out of pocket.


After you buy a repossessed car does it stay marked as repossessed as long as it is driven even though it is paid off?

The car isn't damaged, the debtor's credit rating is. There is no permanent record of the car as a repossessed vehicle like there is for a salvaged title.


How can a car repossession be on your credit report when your car was not repossessed?

By mistake. Waste no time contacting the credit reporting companies, and demand that this entry be removed from your credit report.


If a car was repossessed how long does it stay on your credit before it is removed?

7 years


How does getting a car repossessed affect credit?

Stays on your credit rating for 7 years. Has a very negative effect.


Can your car be considered repossessed and put on your credit report as repossessed if they never picked up the car?

Absolutely. Once the car is considered repo'd it is all paperwork, otherwise you could just hide the car from the lender.


How much would it hurt your credit if the car you co-signed for gets repossessed?

Just the same as if it was your car repossessed. Legally, you hold the same liability as the primary buyer.


If your car has your mothers and your name on the title but she is deceased how does this affect you if it is repossessed?

Goes on your credit as a repossession.


Can a car be repossessed if the title work has not yet been completed and whose credit would the repo affect?

Yes it can and will effect your credit


How do repossessed cars affect your credit rating?

A car reposession will leave a major black spot on your credit rating for 7 years.


Can you break a lease on a car?

It is possible but not advisable to break a lease on a car. The car would be repossessed, and the repossession would go on your credit report.


If a spouse's car gets repossessed after their death does it affect your credit rating?

If your name was on the note, yes.


If your spouse's car was repossessed can you make payments to get it back?

Yes. And that will help out their credit history too:)


Can your car be repossessed for credit card debt?

Unless the credt card company is the lienholder on your vehicle, no.


Should you pay off your repo car?

You should pay off your repossessed car if you want to fix your credit quickly. If you are not worried about your credit, you can wait to pay off the car or file for bankruptcy.


What can you do if your car has been repossessed twice and they want you to pay the entire balance?

u have no choice now. What state?