Best Answer

it will be on there as soon as the order gets sent to the repo company, they are the collection agency. after they repo ur car and it gets sold at auction ur credit score will change .

User Avatar

Wiki User

โˆ™ 2009-03-14 20:19:40
This answer is:
User Avatar
Study guides


25 cards

What is forfeiture

Which of these is the best description of delinquency

Which term is defined as property that is pledged as security on a loan

This is Paula's monthly budget What percent of her expenses is spent on insurance

See all cards
4 Reviews

Add your answer:

Earn +20 pts
Q: When does a reposession affect your credit score?
Write your answer...
Still have questions?
magnify glass
Related questions

Are you able to get a car if you have a reposession on your name?

This depends upon your credit score.

How does making late auto payments or having your auto reposessed affect your credit score?

With a reposession on your credit report it is almost impossible to get another auto loan unless you have not had any negative reports after the repo and you have at least 30% down. It probably lowers your credit score by 100 points.

Does your age affect your credit score?

No, but your credit history accounts for about 15% of your credit score.

Does a voluntary repossession affect credit the same way as a reposession?

Yes, there is no difference. A repossession is a repossession.

Does a business credit card affect credit score?

All loans and credit cards have an affect on your credit score. Failure to use your credit cards responsibly will reduce your credit score and increase your interest costs.

How do repossessed cars affect your credit rating?

A car reposession will leave a major black spot on your credit rating for 7 years.

How does a reposession of a car affect your credit?

It of course effects your credit score. To learn more about your credit score visit either Experian, TransUnion or Equifax. If you can not pay for the car, the next best thing would be to return it to the dealer. Contact the lender and inform the company what you intend to do. If possible, return it back to the dealer you purchased the car from.

Does the credit score of an authorized user on your credit card affect your credit score?

No, the credit score of the authorized user will not affect the main cardholders credit score but the authorized users score can be affected as you can see

How does an eviction affect your credit score?

The eviction will not necessary affect your credit score, but you owe money that will be the entry that will affect the score. The eviction is a public record, searchable from a database but the funds owned is what affect your credit score especially if it is turned to a collection agency.

If you reduce your credit limit on a credit card does it affect your credit score?

yes, it will lower your FICO score.

Does your low credit score affect your new husbands credit?

No, your low credit score should not affect your husband's credit score, unless the lender/bank uses both your information for the loan. Credit score is based on each individual's information.

If you check your credit report will it decrease your score?

No, checking your own credit score is called a "soft inquiry" and will not affect your credit score. Only "hard inquiries" - those from potential lenders affect your score.

People also asked