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.
 how long does a delinquency reported stay on your credit score.... 0. 0. It depends on what`s actually reported and the type of account it is. Sometimes two years, sometimes 7 years, sometimes it can come off immediately if it was reported incorrectly.f there were a series of delinquencies and eventually the account was charged off and forwarded to collections, the 7 year statute for how long it will stay on your reports starts from the date of 1st delinquency. The credit laws, both with.