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How to Remove a Repossession From Your Credit Report

When you stop making payments on an auto loan, the bank might take the action of repossessing the vehicle. This can happen in two ways.

You can voluntarily surrender the vehicle, or the bank can simply take it from you. In fact, in most cases, they don’t even need to notify you that they’re going to take it.

When your car is repossessed, it will negatively impact your credit score. This negative hit can be pretty significant and will probably crush your credit score.

On top of that, if the bank sues you for the difference between what the car is worth and how much you owe, you could also get a judgment slapped against you. That will further hurt your credit score.

Can Repossessions Be Removed from Your Credit Report?

You have a few options when it comes to removing repossessions from your credit report. You can either attempt to remove it yourself, or you can have a professional remove the repossession.

If you’re going to get the repossession removed by yourself, there are a couple of ways you can go about it.

Steps To Remove a Repossession From Your Credit Report

Try to Negotiate New Payments

Your first option is to attempt to negotiate with who gave you the loan. This is usually a bank or one of the big auto lenders that the dealerships usually go through.

The goal is to negotiate a repayment plan that you can afford. In exchange, you’ll want to request that they remove the repossession from your credit report.

Honestly, the most difficult part of this technique is getting ahold of the right person. That is the person who actually has the authority to negotiate with you and have the negative entry removed from your credit report.

In other words, this option is going to take some persistence. The larger the bank, the more difficult it will be to get the right person on the phone.

Lastly, make sure that you get everything in writing before finalizing the renegotiation terms.

Dispute the Repossession on Your Credit Report

Another option you have is to use an advanced method to dispute the repossession with the three credit bureaus.

The key to success in disputing negative items is looking over the entry extremely closely in order to find any inaccurate information.

Here are a couple of things you should be checking.

  • All dates
  • Balances
  • Payment terms
  • Account numbers
  • Anything else that’s inaccurate

Make sure that you dispute the entry with all three credit bureaus. They’ll have 30 days to verify that their information is accurate. If it’s inaccurate, they’ll need to either correct it or remove the entry.

Have a Professional Remove the Repossession

If you don’t feel like dealing with the lender, finding the right person, and dealing with negotiations, you can have a professional attempt to remove the repossession.

For this, I suggest you check out Credit Saint. They’ll take care of you. Give them a call at 1-844-764-9809 or Check out their website.


  1. I co-signed a car loan for my son.. He didn’t make the payments and the car was subsequently repossessed. However, the lending institution never contacted me, by letter or by phone that the car was being repossessed. They never asked for money or anything, but they did report me to the three credit bureau’s and destroyed my credit… I want to know what I can do about it and how to get this removed from my credit report

  2. So we voluntarily surrendered our car and didn’t miss a single payment… car was a lemon but didn’t fall under lemon law. We were then sued by a company that bought the loan from the finance agency. Now we are paying the difference of the car that wasn’t made when it went to auction. Once it’s paid off with the lawsuit can I get the repo removed from my credit?

  3. I bought a Mitsubishi and financed with Mitsubishi Motor Credit. The car was a lemon. The dealer offered to void out the loan if I brought back the car. I did that and Mitsubishi Motor Credit refused to honor the dealer or state lemon law. Every 6 months they add the “repo” back onto my credit. All the paperwork from the dealer confirming the car was a lemon was damaged in a house flood. Is there anything I can do since Mitsubishi Motor Credit is drilling my credit for $15000 on a car that only cost $18000 new and auctioned for $14000

  4. I have a question.. I do have a repossession on my credit report what is the address for me to send my paper work in that I can try to get this off of my report. And what paperwork do I need to put in the letter for it to be simple.

  5. My sister co signed for my mom. My mom missed a few payments due to limited income from SSI. Car was repossessed but we got it back in 24 hrs and are current on all payments and are close to paying it off. Does this help at all my sisters credit or is it still crushed?

  6. Question: I was wondering could I dispute a paid mobile-home repossession? Would it be better to contact the company who had a hand in it and ask them to change the status?

  7. I have a couple questions. My ex co-signed for my car in the mid to late 1990’s. I think I voluntarily surrendered it but it may have been reposed. If he was the co-signer on the loan why was it put on my credit report not his? He also was an owner of a bakery and put me on his sears card as an authorized user. That debt is also on my credi report. And lastly Mr. Fabulous purchased a new electric oven for the bakery and used my information for the electric bill. That total is about $1800.00 I believe. Also on my credit report. What , if any thing , can I do to rectify this issue? I live in nj and 98% of my debt is well over 7-10 years old or older Medical bills, several utility bills, of course the lovely aforementioned debt my ex so generously left. I’m tryin to clean my act uup n be a good example for daughters. Absolutely would hate for them to live like this. Please someone anyone HELP

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