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Repossession
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If you made all the back payments on a repossessed car and paid the fees that were due would the repossession still show up on your credit report?

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Wiki User
2015-07-16 19:23:43
2015-07-16 19:23:43

YES

I have a letter if you would like it that you can send to the parties involved that may or may not be able to help you get this off your credit report.

let me know if you would like it.

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

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A repossession can drastically hurt your credit score. The repossessed account may report late payments (30, 60, 90 days late), a pad due balance, and a charge-off. A repossession can lower your credit score anywhere from 30 to 200 points depending on the other accounts reporting on your credit report.

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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.

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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.


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