What causes obesity? When you take in more calories than you burn off, you gain weight. How you eat, how active you are, and other things affect how your body uses calories and whether you gain weight. If your family members are obese, you may have inherited a tendency to gain weight. And your family also helps form your eating and lifestyle habits, which can lead to obesity. Also, our busy lives make it harder to plan and cook healthy meals.
Obviously, it would be best to catch up on the debt and keep the car. However, a repossession might be unavoidable. Itâs not the end of the world, though. The repossession will be deleted from your credit report seven years from the original delinquency date of the original auto loan. The repossession will have a negative impact on your credit report throughout the seven year period. However, the further in the past in occurred, the less negative that impact will be. You can also reduce the effect on your credit scores by making sure you manage your other credit obligations well.
Information that can have a negative impact on your score includes hard inquiries, accounts that have gone to collection, bankruptcies, tax liens and judgments. To start with, inquiries remain on your credit report for 2 years (24 months). The good news is that they can only impact your credit scores for the first 12 months â and only if they are a hard inquiry (like when a lender pulls your report as part of your application for credit, for example).