HomeIf a car was repossessed how long does it stay on your credit before it is removed?
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Possibly up to 7 years.
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.
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.
As long as the loan for the unit is paid each month, the collateral will never be repo'd.
Can you get a title loan if you have bad credit and your car was repossessed but you own a business?
As long as you have a clear title in your name, you can get a Title Loan.
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