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Is a repossession marked on your credit report when the car is repossessed or when the loan is paid off?

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Wiki User
2015-07-16 18:12:12
2015-07-16 18:12:12

Think about it. IF the lender waited until the loan was paid off,zillions of repos would NEVER be reported. Sooo, they report them as they happen.

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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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