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aarons26



Joined: 07 Sep 2009
aarons26's page
Posts: 11



294 Magic Points

Subject: credit score
 
Posted on Sat Sep 12, 2009 1:40 am  

how many points is a repo on your credit file?
Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 1240



28942 Magic Points

 
Posted on Sat Sep 12, 2009 5:42 am  

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.
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Justin
Arya



Joined: 19 Aug 2009
Arya's page
Posts: 46



1190 Magic Points

 
Posted on Sun Sep 13, 2009 10:29 am  

As suggested by Justin Repo. affects credit badly for 7 years.

There will be drop of credit score.

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