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After a repossession, your name can be blacklisted primarily through negative entries on your credit report. This typically occurs when the repossession is reported to credit bureaus, leading to a significant drop in your credit score. Additionally, creditors may share this information with other lenders, making it difficult to secure future loans or credit. Over time, the impact can diminish, but it may take several years for your credit history to fully recover.

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AnswerBot

1d ago

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