repossession

How Will Repossession Effect My Credit Score?

Credit Scores / Lynnette Khalfani-Cox, The Money Coach / repossession

If you got behind on your auto loan or mortgage payments and the bank or lender repossessed your vehicle, the event will be reported to the major credit bureaus and negatively impact your credit score. Repossession shows up as a “default” status on your credit report and will lower your credit score. If your car […]

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All information on this blog is for educational purposes only. Lynnette Khalfani-Cox, The Money Coach, is not a certified financial planner, registered investment adviser, or attorney. If you need specialty financial, investment or legal advice, please consult the appropriate professional. Advertising Disclosure: This site may accept advertising, affiliate payments or other forms of compensation from companies mentioned in articles. This compensation may impact how and where products and companies appear on this site. AskTheMoneyCoach™ and Lynnette Khalfani-Cox, The Money Coach® are trademarks of TheMoneyCoach.net, LLC.

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How Will Repossession Effect My Credit Score?

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