Can Auto Repossessions Really Be Removed From A Credit Report?

Oops! You forgot to pay your car loan…for six consecutive months. Now you're dealing with the consequences of a repo on your credit report.

If you have a repo on your credit, then you probably experienced some of these things recently:

bankers have laughed at you when you apply for credityou're scared to look at your credit scoreyou are hiding your bad credit from your spouse or significant otherMost bankers and other financial do-gooders claim that you're stuck with this repo on your credit reports for the next seven years…which is true unless you get serious about fixing your credit report.

Here's what everyone else will tell you:

"An auto repossession will remain on your credit report as a negative entry for seven years, and even longer if the debt goes to court and a judgment is placed against you. If a judgment is placed against you, it may remain there for ten years, depending on which state you live in.

What will happen:

The judgment will remain for ten years after the date of the last payment made, and can even be extended for an additional ten years in some circumstances.

There is no way to remove this from your credit report, even if you have eventually paid the debt in full. In fact, any debts that go to a collection agency will renew the date for which is it calculated, extending the time out even further."

These are all lies distributed by fancy pants bankers and financial hypocrites.

Here's the truth:

You can dispute and remove ANY bad credit from your credit report - even repossession - ANYtime you choose. You must dispute credit the right way.

Disputing repossessions the wrong way will just make matters worse and then you'll be stuck trying to get a bad credit auto loan.

Unfortunately, the truth is that repos are really difficult to remove from your credit report. Original creditors and collection agencies can be quite stubborn about taking this off your credit reports simply because they have more leverage to get you to pay if the item is still on your credit history.

You can contact the repossession credit repair hotline here: 1-866-246-7311. They'll explain HOW they can dispute (and possibly) erase that nasty repo from your credit history.

Finally, even if you decide to tackle this mighty task on your own, whatever you do, do NOT add a comment to your credit report, explaining the circumstances surrounding the repossession of your vehicle.

Remember, once you clean up that repo, the best thing you can do to increase your credit rating is to pay your bills consistently on time and in the full amount. Duh…this is simple, but it works!

Try not to make just the minimum payment on your credit cards, pay a little more!

And always send your rent or mortgage to your lender at least five days before it is due. Good luck removing the repo and improving your credit score!