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.
Repossession should be the absolute last resort. A repossession is a repossession. The only difference in voluntary and non voluntary is that you will not have to pay the repossession fees. This will stay on your credit report for 7 years and will cost you dearly.ere is more input: The seven year statute of limitations on information listed on your credit report figures from the date of last activity.According to the FCR Act Section 605 a debt can remain on a credit report for 7 years and 180 days after the delinquency that caused the account to go bad.