Topic: How Long Does a Repossession Stay On Your Credit Report?
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It will appear on the credit report for 7 years from the date of default, this would be the first delinquency that caused the account to go into default (leading to the repossession).
If there is a deficit balance and it is not paid, it can be sold to a third party collection agency who will then add an additional negative tradeline to the credit report. This collection can only remain on the credit report for 7 years from the date of the the original delinquency and is NOT based on when the collection agency purchased the debt.