credit score

Post reply Start a topic

Author

Message

Options

	Print this topic
	Invite a friend
	Email this topic

Bookmark online

	Add to del.icio.us
	Add to YahooMyWeb

aarons26

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

294 Magic Points

Subject: credit score

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

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.
_________________
All the Best Smile

Justin

Arya

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

1190 Magic Points

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.

Quick Reply

Your Name

Subject

Message body


Page 1 of 1

Home|Contact Us|Terms of Services|Privacy Policy|RSS

* Disclosures:

Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.