a lot and it will hurt your credit for 7 years
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.
A repossession will remain on your credit for seven years, which will decrease your credit score. You should work out a payment arrangement with the creditor to avoid it.
A repossession can drastically hurt your credit score. The repossessed account may report late payments (30, 60, 90 days late), a pad due balance, and a charge-off. A repossession can lower your credit score anywhere from 30 to 200 points depending on the other accounts reporting on your credit report.
OF Course it does! IF you just got bankrupt it does hurt your credit score really badly!
YES, on a CR, a repo is a repo.
yes they do, they impact your score greatly
Usually closing accounts will hurt your score because if you have debt on other cards, your debt to available credit ratio will rise and it can ding your credit score.
Too many inquires on your credit report can hurt your score since it may appear that you are applying for too much credit at once.
Actually, it does. It uses the available credit you have so when that goes down the credit score does too.
It only hurts your credit score when someone else pulls your credit report.