How Bad Will A Repo Hurt Your Credit? A repossession will have a serious impact on your credit score for as long as it stays on your credit report—usually seven years, starting on the date the loan stopped being paid. Does voluntary repo hurt your credit? If the bank has to come take the vehicle,
How Bad Does A Repo Hurt Credit? A repossession can stay on your credit report for up to seven years, making it harder for you to qualify for other loans. Repossessions have a severely negative impact on your credit and can show lenders that you may not be able to make payments on the property
How Much Does A Repo Hurt Credit? “In the grand scheme of your credit score, a voluntary repo is just the same as an involuntary repo. Expect your credit score to drop anywhere from 50 to 150 points, depending on other credit factors. That’s not to say you should sit back and let your lender