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If you fail to return a car when the lease ends and they repossess is it legal for them to report this as a repo on your credit?


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Wiki User
2015-07-16 19:24:00
2015-07-16 19:24:00

YES, its legal. The lease you signed was a legal contract calling for you to do certain things at certain times. You defaulted on those terms and the Lender is reporting that you defaulted.

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