How long does a repossession stay on your credit?

The 7-year rule

A repossession can remain on your credit report for up to seven years from the date of the last payment or commitment to pay. Be cautious before agreeing to a new payment plan, since it can reset that timeline.

What you can do today

Dispute inaccuracies with all three credit bureaus, negotiate with the lender for removal in exchange for payment, or speak with a bankruptcy attorney about discharging the underlying debt.