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New blog article: How Does Repossession Affect Your FICO® Score?

Elizabeth_FICO
myFICO Employee

New blog article: How Does Repossession Affect Your FICO® Score?

Hello everyone! If there's a new blog article that I think you guys might like I plan on posting it in the Forums.

 

This week's article is: How Does Repossession Affect Your FICO® Score?

 

Let me know what you think about the article.

 

For more content don't forget to check out our blog.

1 REPLY 1
Dadof31978
New Visitor

Re: New blog article: How Does Repossession Affect Your FICO® Score?

this is factually incorrect:

 

When you get an auto loan to buy a car, the lender technically owns it and retains the title until you've paid off the debt in full.

 

The borrower technically owns it and the bank has a lien ie security interest in the collateral (the car). 

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