New to the toolkit - a dedicated teaching research methods section focused on providing lecturer support resources. The resources within this site have been compiled in line with our HEA funded research with college staff and students into research methods teaching. HEA scholarly activity resources.
For most people, repossession can be a devastating experience and, unfortunately, has a long-lasting impact on your credit score. A car or home repossession typically stays on your credit record for up to seven years and will lower your chances of obtaining attractive interest rates for a loan in the future.
Aside from making that request, the only other way you may be able to build credit after repossession is to practice good credit habits. As time passes, the repossession on your credit report will usually have less and less impact on your credit score until it eventually falls off your credit report seven years after the original delinquency.