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If your car is repossessed and you pay to get it back does it stay on your credit as a repo?

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2015-07-15 19:28:57
2015-07-15 19:28:57

It is up to the LENDER to report a repo. Usually they DO report it and it stays on your CR for 7 years.

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Seven years from the entry of the judgment.

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i repo in six states and as far as i know it will stay on your credit report until you settle your debt to the lien holder

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If they repossessed it as part of the bankruptcy (and you didn't get it back), probably yes. However, the bankruptcy itself is a bigger black mark than the repo, especially since it can stay on your credit report longer (up to 10 years after filing, though some bureaus remove Chapter 13 after 7 years; repos only stay for 7 years).


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