Can a repossession be removed from my credit

[chasmith]

If this was a new car lemon law would apply, not a used car.  But I agree, you need a consumer attorney now...

[starry1]

That depends on the state whether used cars have lemon law protections. Do some research and talk to a lawyer anyway. You may not be able to find all the fine points of the law on a Google search.

[RobertEG]

As per credit reporting, looking towards its future possible statutory exclusion from your credit report, a date of first delinquency of Nov 2008 would, in my opinion, support its CR exclusion after May, 2016.  A bit to go, but it may be ealier than 7 years from the repo action.

FCRA 605(c), which applies to the exclusion of collections and charge-offs based on DOFD, is not limited to only collections and charge-offs.

It expressly applies to "any delinquent account that is....charged to profit and loss, or subjected to any similar action."

In the act of accounting on a repo, similar action is taken, thus establishing the DOFD as the relevant basis for determiing the CR exclusion date.

[Sosof]

What do you mean by OC? Thanks. 

Oh and did you ever get it removed from your credit file? 

[09Lexie]

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@Sosof wrote:

What do you mean by OC? Thanks. 

Oh and did you ever get it removed from your credit file? 

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.  OC = Original Creditor 

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