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.
CreditSesame.com also updates your score monthly, and includes free credit monitoring and identity theft protection to help you monitor, manage and protect your credit and identity â No Credit Card, No Trial. According to Experian, auto repossessions stay on your credit report for seven years after the original delinquency date. It can negatively impact your credit for the duration of the seven years but that impact lessens over time.