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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 .

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โˆ™ 2009-03-14 20:19:40
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Q: When does a reposession affect your credit score?
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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.


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 creditcardideas.com/blog/adding-an-authorized-user-to-increase-credit-scores


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 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.


How do repossessed cars affect your credit rating?

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


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

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


Does your age affect your credit score?

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


How do you raise your credit score when it has been lowered due to credit inquiries?

Pay your bills. I don't know that a credit inquiry will lower your credit score. What does affect your credit score is not paying. Even if you pay late, it shows willingness to pay. But as far as someone checking your credit, I don't think that will actually affect your credit score. Pay your bills. I don't know that a credit inquiry will lower your credit score. What does affect your credit score is not paying. Even if you pay late, it shows willingness to pay. But as far as someone checking your credit, I don't think that will actually affect your credit score.


How does a willing reposession effect your credit?

A repossession hurts your credit score whether it is voluntary or not. The creditor will report late payments, a charge off status, and a balance if one is owed. A repossession may hurt your credit score anywhere from 60 to 120 points.


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.


Are there any credit cards that won't negatively affect my credit score?

Your best bet would be to close those older credit cards. While it may take some time, your credit score can be improved. However, opening a new credit card, even if it doesn't affect your credit score may not be the best way to go. I am unsure if there is a credit card that wouldn't affect your credit score.


Does closing a cedit card by the consumer affect their credit negatively?

Closing an account will affect your credit score and decrease your score.


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

yes, it will lower your FICO score.


Can marriage affect your credit score?

yes, cause if one person decides to go bankrupt because you guys are having money problems it can affect your credit score to, not just their credit score.


Do forbearance payment affect credit score?

Do forbearance payment affect credit score? Also, if your lenders agree to a short sale and you have not been deliquent on your payments but the lender granted you a forbearance, will your credit score be affected?


How long does bad credit affect your credit score?

as long as your credit file contains negative information it will always impact your credit score


Do subsidized loans affect credit?

Subsidized loans will affect your credit score negatively if you are not paying them. If you are paying them, they will have a positive effect on your score.


Do student loans affect a credit score?

Yes, they are like any other loan. they are listed on your credit report and affect your score.


Do liens affect credit score?

Yes. All debt is considered when calculating your credit score.


Does credit score affect an application for citizenship?

Your credit score is not a consideration when applying for US Citizenship.


Will your credit score affect your child credit score?

No, not unless you fraudulently use your child's identity in obtaining credit in their name.


Why would checking your credit score effect your credit score?

{| |- | Requesting a credit report will NOT affect your credit. You have the right to look at your credit report without it affecting your credit or score. When you request your credit report it's called a "consumer pull" and has no affect on your credit. The only time when requesting a credit report can affect your credit is when you ask a possible creditor to inquire about your credit. This is because it implies that you're possibly opening a new line of credit. |}