HomeIs a repossession marked on your credit report when the car is repossessed or when the loan is paid off?
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.
Related Questions
By mistake. Waste no time contacting the credit reporting companies, and demand that this entry be removed from your credit report.
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.
No you cannot remove a repossession off your credit report if your cosigner has a judgement on the repossession.
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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