A repossession typically stays on your credit report for about seven years, beginning from the date of the first missed payment that led to the repossession
. This applies whether the repossession was voluntary or involuntary
. A repossession can negatively affect your credit score because of missed payments and potential collections, possibly leading to additional fees and long-term financial strain
. However, after the seven-year period, the account will be automatically removed from your credit report
. In the UK, debt from repossession remains on your credit report for six years, starting from the date of the first missed payment
