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How to get a Car Repossession off your Credit Report

Updated: May 26, 2020

Car repossessions are a negative item listed on your credit report that can damage your credit score. Car repossessions note the seizure of any car due to late or delinquent payments. If a car repossession is listed on your credit report, there is still a way to rebuild your credit and potentially have it removed from your credit report.



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Can Car Repossessions Be Removed From a Credit Report?

Car Repossessions can be taken off your credit report in some situations, especially if they are inaccurate or unjustifiable. There are a few things you can do to try to remove a car repossession:

  • Call your lender to negotiate: Your lender loses money when they have to repossess your car. Receiving a payoff is cheaper and more convenient for them, even if you pay less than what you owe. You can attempt to negotiate with your lender to try and settle your debt and have them remove the debt from your credit reports. If they agree to this, make sure to get it in writing and that you follow through with the terms you and your lender agreed to.

  • File a dispute with the 3 credit bureaus: When go through your credit reports and if you see anything reported inaccurately about your car repossession, you can dispute it with the 3 credit bureaus.

If you do this, the 3 credit bureaus must investigate and will ask the creditor to verify the information regarding your vehicle repossession. If the lender can't prove that your debt is valid, fair or accurate , then the credit bureaus will remove the repossession from your credit reports.


Not sure where to begin? Give us a call today for a FREE

credit report consultation

Call 1-888-717-1937

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