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.
Best Answer: Past due accounts remain on the credit report for no more than 7 years starting from the date you went delinquent (Stop Paying) Credit agencies sometimes get the starting date reported wrong from the creditor. A bankruptcy will remain on credit report for 10 years, from date of discharge.If you apply for credit and they check your record, it will stay on you credit report for 2 years.ven if a delinquent account has been paid it can remain on the credit report for 7 years 180 days from the date of first delinquency. Paying the debt is not grounds for removal. You should have negotiated a pay for delete agreement. Daryl G I know what I am talking about.