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


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Wiki User
2015-07-16 18:10:35
2015-07-16 18:10:35

7 years

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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.

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To determine how long one will have to be delinquent on a loan before a car is repossessed depends entirely on where the loan was taken from. Different places allow different payback requirements.

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As long as the loan for the unit is paid each month, the collateral will never be repo'd.

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As long as you have a clear title in your name, you can get a Title Loan.


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