2006-12-05 03:41:53 · 5 answers · asked by memarie81 1 in Business & Finance ➔ Credit
It depends how old the repo is. If you have had positive reported activity since the repo your ability to borrow would not be denied. The fact that a repo is there will affect the rate you get though.
Here is some additional info. Hope this helps.
2006-12-05 04:26:48 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It is extremely damaging, and would be a huge factor in lowering your credit score. As far as the score is concerned, it would be considered a major delinquency, on par with a judgment or collection, and may drop your FICO score by 120-150 points if your credit is in good standing now.
2006-12-05 03:47:02 · answer #2 · answered by RedSoxFan 4 · 0⤊ 0⤋
It will still show up and hurt you, but as long as the deficit has been cleared up, it should not hurt too much as long as everything since has been good. Unfortunately, negative information will stay on your credit for 7 years.
2006-12-05 03:48:30 · answer #3 · answered by Flyby 6 · 0⤊ 0⤋
It will show up on your report and be a part of you credit rating.
2006-12-05 03:58:37 · answer #4 · answered by Gone fishin' 7 · 0⤊ 0⤋
if it was perfect before then why did it get repo'd???
2006-12-05 03:45:36 · answer #5 · answered by Anonymous · 0⤊ 0⤋