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.
The repossession then occurred in January 2003. This will stay on the credit report until September of 2008 for that 7 year period, regardless of when the loan winds up getting paid off. It can stay on the report a bit longer if it goes to court and the bank gets a judgment against the borrower. Say this happens in 2004, then that stays on the credit report another 7 years until 2011. Bankruptcies stay on 10 years while delinquencies and defaults stay on for 7 years. More Information: