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Like other credit items in your history (other than bankruptcy) it will remain on
your credit report for 7 years. You may be able to have it removed sooner if
it is not documented properly.
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∙ 11y ago
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How long after repossession can you get a car loan?
The repossession stays on your credit report for 7 years.
How long is a car repossession on your credit report after you pay it off and get the car back?
7 years
How long will a car repossession in California remain on your credit report?
7 years is the norm.
What will a car repossession do to your credit rating?
A repossession on your credit is NOT GOOD. Avoid it if there's anyway possible. You say the car is SOLELY in your name?? GO GET IT and sell it.
When you give your car up for repossession does that hurt your credit score and if so for how long?
YES it hurts for about 7 years.
How will a voluntary repossession affect your purchasing a car within a year from the voluntary repossession?
A repossession is a repossession, no matter if it is voluntary or not. Your credit will be ruined for 7 years.
When your Father passed away how bad will a car repossession affect a cosigners credit?
It depends on how your father's death, the repossession, and the cosigners credit are corelated.
Is a joint applicant's credit affected by a car repossession?
If this relates to a joint account holder or cosigner, then yes the person's credit rating will be affected by a repossession. Yes, whoever's name the car is in will be affected by the car's repossession. Only if the car is somehow tied to the account. Only a bad payment history on that joint account can affect your credit.
How bad does a car repossession affect your credit report?
A Lot.
Does a repossession stay on your credit report if you get the car back?
YES
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.
Can you get a personal loan after a car repossession?
You might be able to get a personal loan after a car repossession. However, you would get the loan at a very high interest rate one the repossession is on your credit report.
