car repo
Date: Thu, 03/05/2009 - 08:07
I was told that after 7 years a repo will come off your record. Is that the same with any other debt?
The maximum reporting time for a derogatory account is 7 years +
The maximum reporting time for a derogatory account is 7 years +180 days from the Date of First Default. The only exception is tax leins( 7 years from date of payment) and Chapter 11 BK's that can stay on for 10 years. A tax lein can stay an your report almost forever because it starts from the date it is satisfied.
