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This is tricky. There is no actual listing of the repossession on your credit report. There is a notation in relation to the debt owed.
For example: say you borrowed the money for your car from ABC Bank. ABC Bank will then show as a credit action on your report. Next to that will be the balance of the debt, potentially the length of the contract, and a month by month code of your payment history in terms of thirty day payments. If the loan is defaulted, this will be noted. If the vehicle is repossessed, this will be noted as well.
If no judgment is obtained, the notation will remain for seven years from the date of last payment. In the event of a judgment, it will remain for ten years.
What else can I help you with?
How long does a house repossession stay on your credit once it has been paid off in full?
all negative info stay on your credit report ten years.none negative itiems stay for seven years.This info is from transunioun.
How long will a repossession stay on your credit report if you've made arrangements to repay the monies owed?
Normally a repossession stays on your credit rating for 7 years. If you are repaying the loan, talk to the bank and see if they have reported it. They may or may not have.
How long does a bankruptcy stay on a credit report?
Ten years from the date of discharge.
How long does a judgment stay on Texas credit report?
how long does personal judgement stay on credit in texas
Can a repossession stay on your credit report for more than seven year if debt is not paid?
of course. debt's just don't disappear.
How long does an auto repossession and a home foreclosure after stay on your credit report?
NOTICE OF DROPPING PARTY DEFENDANT
How long does a repossession stay on your credit report after bankruptancy?
Type your answer here... in the USA, 7 to 10 years
Does a repossession stay on your credit report if you get the car back?
YES
How long does a voluntary repossession stay on your credit report?
For Experian, a voluntary repossession will remain on your credit report for seven years from the original delinquency date of the debt.
How long does a repossession in Mississippi stay on your credit report?
By federal law, 7 years from the date of repossession or sale or last payment. The state is irrelevant.
How long does a house repossession stay on your credit once it has been paid off in full?
all negative info stay on your credit report ten years.none negative itiems stay for seven years.This info is from transunioun.
How long will a repossession stay on your credit report if you've made arrangements to repay the monies owed?
Normally a repossession stays on your credit rating for 7 years. If you are repaying the loan, talk to the bank and see if they have reported it. They may or may not have.
Dismissed chapter 7 bankruptcy How long does it stay on your credit report?
it can stay on your credit report for as long as 10 years.
How long does a repossession stay on your credit score?
A repo will stay on your credit report until the remaining balance is paid off or settled, you still owe the amount left on the vehicle even though the car is not in your possession.
How long do repossessions stay on your credit report?
Vehicle repossessions stay on you credit report for 7 years.
You returned a car to the dealership and its still showing on your credit?
Of course it is. You voluntarily turn the car in for repossession. It will stay on your credit report for 7 years.
What does a car repossession do to your credit How can you delete it from your record?
It hurts you credit tremondously. It will stay on your credit report for 7 years, and there is nothing you can do about it. Do not allow your car to be repossed. Voluntary repossession on not any better. Contact the lender and work something out.
