PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
How long does a repossession stay on my credit report?
I recently ran into some hard times financially and had my car repossessed. Changing my spending habits has been challenging, but I think I’m making progress. I know I'm facing an uphill battle but how long will a repo stay on my credit report?
Drew Waterstreet · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
We are happy to help you get back on track! This will be a long road though–a car repossession can stay on your credit report for up to seven years.
The vehicle
repossession
will date back to your first missed payment. While it remains on your credit report, the negative impact on your credit score begins to wane as time goes on.Vehicle repossessions not only negatively affect your credit report, but also your
car insurance
rates. Even in tough times, Jerry
can help you find an affordable rate. A licensed broker that offers end-to-end support, the Jerry app gathers affordable quotes, helps you switch plans, and will even help you cancel your old policy.View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies