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.
RE: how long does car repossession stay on your credit report? I recently had my car repossesed while in between jobs, and now owe about $4,000 remaining on my loan. How long typically do these type of repossesions stay on someones credit report and how it will effect me in the future. Also what steps can I take to fix and or aleviate the negative status of... Source(s): long car repossession stay credit report: https://biturl.im/zDVbX. Alano Â· 2 months ago.