"How Long Does A Repo Stay On Your Credit"
If you have ever wondered how long a repo stays on your credit, then this article is for you. A repossession can stay on your credit report for up to seven years, and it will likely have a negative impact on your credit score for at least that long.
When a creditor repossesses your property, they are required to report the event to the major credit reporting agencies. The repo will show up on your credit report as a negative mark, and it will remain there for up to seven years. In addition to affecting your credit score, the repo may also make it difficult to obtain new lines of credit or loans in the future.
If you are facing repossession, there are options available to help you keep your property and avoid damaging your credit score.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FASTER!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706