Last regular car payment Jun 08, car was repossed Sept 08. After auction I paid the $5100 balance due in Oct 08. I understand repo will remain on my credit file for 7 years. My question when does the 7 years start for credit report? Is it 7 yrs from last pay Oct 08, or 7 yr from my last regular payment June 08 or 7 years from the date of repossesion 9/08?
Originally posted 2009-08-29 12:10:30.
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{ 2 comments… read them below or add one }
Seven years from the last activity on the account – since you made a payment in October, it will be October 2015.
7 yrs from the day you were reported deliquent.