If your car gets repoed can you get it back, does it go on ur credit even if you get it back???

Question

If your car gets repoed can you get it back, does it go on ur credit even if you get it back???

Answer 1

It depends how late your payments were. It won't say repo'd, but the credit bureaus will report the late payment.

Answer 2

As long as you totally pay off the debt to get the car back, it will not affect your credit. If you simply catch up on payments, it will at least get reported as late payments, but probably not a repo.

Answer 3

Yes. Any time a vehicle is repo'd it will show up on your credit report.

Answer 4

By the time your car gets to the repo stage, your credit is already tarnished. And if the car is actually repossessed, I'm confident the lender will NOT work out payment arrangements unless you were to pay it off in full. You HAD your chance to work out arrangements and it looks like you neglected to do that. So, it will go on your credit profile even if you get it back, at least the late pays.