2006-12-21 02:21:43 · 9 answers · asked by Lil Miss 1 in Business & Finance ➔ Personal Finance
Yes :(
2006-12-21 02:30:44 · answer #1 · answered by PD GAL 5 · 0⤊ 0⤋
yes a re-po can affect your credit score because it will be reported as three things...deliquent, charge-off, and then it can report as a judgement against u if there is a moved to take the debt to court......If this happens your credit scores will drop rapidly..and not only that it will report as negative remarks on your credit and stay on there for seven to ten years........
2006-12-21 10:45:22 · answer #2 · answered by smiley20903 2 · 0⤊ 0⤋
Sure. If you had a good credit history prior to that, it could cost you a good 100 points off of your credit score. It is a pretty serious event on your credit history.
2006-12-21 10:32:16 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Absolutely. Every unpaid bill and/or late payment affects your credit, just as paying on time and in full keeps your credit in good standing.
2006-12-21 10:26:31 · answer #4 · answered by Roberta 4 · 0⤊ 0⤋
Short of bankruptcy a repo is about as bad as it gets.
To a future lender a repo says that you were unable to keep your agreement to pay, and that despite all the efforts of the lender not to repo (no lender likes to repo) you were still not able to meet your obligations.
It can take years to recover from the damage that a repo causes to your credit.
2006-12-21 10:25:28 · answer #5 · answered by ZCT 7 · 0⤊ 0⤋
Yes it does... it shows up as a charge off for seven years... and it will bring you credit rating down... but it wont prevent you from future loans, but the financing will of of course be higher.
2006-12-21 10:32:43 · answer #6 · answered by dani girl 3 · 0⤊ 0⤋
Absolutely yes.
2006-12-21 10:23:58 · answer #7 · answered by Evilish13 4 · 0⤊ 0⤋
very much so
2006-12-24 21:55:48 · answer #8 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋
yes - sorry
2006-12-21 10:23:22 · answer #9 · answered by banjo_mccain 4 · 1⤊ 0⤋