New Visitor
Posts: 2
Registered: ‎03-15-2007

Auto Repo Impact

How much of an impact will an auto repossession have on my FICO score, assuming that I keep all of my other accounts in good standing? My current score is 768 with Experian.
Administrator Emeritus
Posts: 4,390
Registered: ‎03-01-2007

While it's clear that the impact of a repo will be negati...

While it's clear that the impact of a repo will be negative, the following will help determine by just how much:
1. When was the repo? (The more recent the repo, the more negative the impact.)
2. Is there a balance due?  (The higher the balance, the more negative the impact.)
3. Are there any other negative items from the past?  (Additional negative items can increase the negative impact, depending on how recently they occured and how seriously late the payments were.)
The good news is that, based on your 768 Experian score, you already have excellent credit, which will help to minimize the negative impact to your score resulting from this repo.  The other good news is that by continuing to pay your other obligations as agreed, your score will increase more rapidly than if you had other problem accounts.
In a past life I served as FICO consumer affairs manager, FICO media spokesman, and myFICO Forums community manager from 2007 to 2012. I'm now freelance writing about credit at and on my own site,

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+