â A posting in the inventory management system that is made if a material. can no longer be used. This occurs, for example, if a material has deteriorated in. quality or becomes obsolete due to having been kept in storage for too long.
Report Abuse. Repossession, whether voluntary or involuntary, will show up on your credit report for seven years. Any money owed, if not paid, could also show up on your credit report as a charge off.This could seriously affect your ability to apply for any type of credit.hdhayes60 Â· 7 years ago.epossession, whether voluntary or involuntary, will show up on your credit report for seven years. Any money owed, if not paid, could also show up on your credit report as a charge off. This could seriously affect your ability to apply for any type of credit. hdhayes60 Â· 7 years ago.
Report Abuse. 1  there is no such thing as a voluntary repo. 2  This Site Might Help You. 3  Either 5 or 7 years.  No such thing as a voluntary repossesion, just because you gave the guy the keys means 1  nothing. It stays on for 7 years. amyvnsn Â· 1 decade 2  ago. Usually 10 years if the lender posts it to your credit record.