A repo stays on your credit for at least seven years. However, you may negotiate with the creditor to have it removed earlier.
A repo is a repo is a repo, credit wise.
YES, on a CR, a repo is a repo.
IF the lender posts a repo on your CR, you have one. You will have the repo on your credit report, but it should also show up as "redeemed".
A voluntary reposession reports on your credit report as a loss. The car company with take the car back and credit a portion of the balance which the owner/leaser still needs to pay on. The creditor will place the "voluntary Reposession" on credit bureau. All in all it will be reported as a charge off debt. If the original owner/leaser doesnt pay the remainder he/she can/will be collected from and could face legal action. A repo is a repo voluntary or not. Ruins your credit for 7 years. What generally happens is that it will be reported on your credit as a repossession. When you go for financing on something else, the repo will pop up and the potential lender will call the lender who reported the repo. When they find out it was a voluntary, it may actually lessen some of the blow of having a repo. But, yes, a repo is a repo.
you can not have true info removed legally from your credit report.
7 years from the date of repo.
A repo is a repo is a repo, credit wise.
Seven years from the entry of the judgment.
If your vehicle is already up for repossession, it is already on your credit report as a delinquent or defaulted debt.
YES, on a CR, a repo is a repo.
Yes, a repo is a repo whether you give it up or they take it.
A repo is a repo is a repo.
7 years just like a regular repo. Looks the same too.
as a repo
No.
For Experian, a voluntary repossession will remain on your credit report for seven years from the original delinquency date of the debt.
IF the lender posts a repo on your CR, you have one. You will have the repo on your credit report, but it should also show up as "redeemed".