How much does car repossession hurt a credit rating?

Answer When you miss too many payments on your car or you feel you cannot make them, you are at risk of losing your car to repossession. This is never a good result and always negatively affects your cred... Read More »

Top Q&A For: How much does car repossession hurt a credit ra...

Does it hurt a credit rating to cancel a paid off credit card?

Closing a paid off credit card can lower your credit score because that card will no longer report that you are on time with your payments each month. In addition, it will increase the percentage o... Read More »

What is the highest rating you can get on a credit rating?

The FICO credit score ranges from 300 to 850, with 850 being the highest possible score. The FICO score, calculated by the algorithm created by the Fair Isaac Corporation, is the most widely used c... Read More »

How long does a car repossession stay on your credit?

Car repossessions remain on your credit report for seven years. However, as the time of the repossession gets farther in the past, the significance of the negative impact on your credit report will... Read More »

How to Get a Car Repossession Removed From a Credit Report?

If you want to purchase a car but don't have the cash, you can apply for an auto loan. This is an installment loan that allows you to make a set payment each month towards the outstanding balance. ... Read More »