how long does a repo stay on your record
If you are unable to pay the loan installments, the finance company will repossess your vehicle or house and this will have a great negative impact on your credit score because a repossession stays on your credit record for 7 years.his is why it is important to keep in mind that how long does a repossession stay on your credit, before you plan to buy a house or a vehicle. The wise thing to do is to go for something that costs lesser than what you can afford at that time.