Repo – I suppose you mean repossession? Well, repossession remains on the credit report for 7 years and it affects the credit report badly. Normally the credit score drops by 30-40 to 70-80 points on average. This applies for all the three credit agencies.
Hi aarons,
Repo – I suppose you mean repossession? Well, repossession remains on the credit report for 7 years and it affects the credit report badly. Normally the credit score drops by 30-40 to 70-80 points on average. This applies for all the three credit agencies.
As suggested by Justin Repo. affects credit badly for 7 years.
There will be drop of credit score.