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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.

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11y ago

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Related Questions

How bad do charge offs hurt your credit report?

IT CAN HURT YOUR CREDIT DRAMATICALLY! CALL YOUR CREDITOR AND ASK TO PAY THIS CHARGE OFF IMMEDIATLY WHEN YOU ARE ABLE TO FINANCIALLY.


Do bad credit payday loans further hurt your credit score?

They could further hurt you credit score. You will pay a higher interest rate which makes paying the payment that much harder which puts your credit even lower.


Is eliminating a credit card bad for your credit?

Yes. Eliminating a card will hurt your credit, not help it. If you have to get rid of a card, cut it up and stop using it, but don't cancel it.


What are the release dates for Bad Rep - 2012?

Bad Rep - 2012 was released on: USA: 21 July 2012


What does it mean when a guy tells he cant see you?

either he doesn't want to see you but he doesn't want to hurt your feelings or he thinks dating you would be bad for his rep.


Does bad personal credit history affect business credit history?

In many cases, yes, it will hurt the business credit history due to you having bad personal credit history. Being a "silent" partner is the best option you have if you want to be involved in the business.


Does requesting multiple Credit reports affect a persons credit rating Shopping property loans for son and will co-sign. Is credit score affected if approaching various vendors for loan?

Credit inquires do hurt credit, but if it's for shopping around for the same type of loan it won't hurt as bad.


What does baseball still sported a less than spotless reputation mean?

Baseball has a bad rep


Does credit card consolidation show up on my credit report?

Yes, credit card consolidation will affect your credit score. It will show on your credit report for at least five years, it doesn't hurt as bad as bankruptcy however.


You were waiting to receive a credit card it was taking way to long to get to you so you canceled it will this be bad for your credit?

It most likely will not hurt your credit to much, When you apply for credit it shows as an inquiry on your credit report. To many inquiries is bad. And opening an account and closing it right after shows instability to your credit report and it sticks there for 7 years.


Does it hurt my credit to close a savings account?

no. You will hurt your credit when you close an open line of credit.


Will a co-applicant who has bad credit hurt the chances of the primary applicant getting approved for a loan assuming the applicant has good credit?

yes unfortunatly i think so.

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