How much does your credit score improve when a car repossession comes off?

August 8, 2010 · Posted in How to Improve Credit Score 

my credit score was in the high 500′s a couple of months ago. last month a car repo was removed from my report, but i dont know the score. does anyone have an idea how much my score should have improved? im trying to buy a house and need a 620.

First of all get a copy of your report (which I presume you have done – that would be how you would know that the repo came off).

https://www.annualcreditreport.com

Now go to the "Credit Score Estimator" on the creditcards credit-card-tools site listed in sources. Be totally honest – this will be seen by no one but you. Use your credit report to answer the questions.

Good luck

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Comments

3 Responses to “How much does your credit score improve when a car repossession comes off?”

  1. Michael M on August 8th, 2010 1:19 pm

    Tht would take 7 years to resolve. But you have to pay on time each month to get a good score. No lates, no deliquent. You had a repro, so hopefully no other negative comments on your report.
    It would take several years of perfect payment history to go from 600s to 700s. Maybe 7-10 years.
    Also in that time do not open any accounts as that is a credit inquiry and takes points off the score.References :

  2. jlf on August 8th, 2010 1:32 pm

    That depends on what else is on your credit report.References :

  3. Dan S on August 8th, 2010 2:02 pm

    First of all get a copy of your report (which I presume you have done – that would be how you would know that the repo came off).

    https://www.annualcreditreport.com

    Now go to the "Credit Score Estimator" on the creditcards credit-card-tools site listed in sources. Be totally honest – this will be seen by no one but you. Use your credit report to answer the questions.

    Good luckReferences : https://www.annualcreditreport.com

    http://www.creditcards.com/credit-card-tools/

    http://www.pueblo.gsa.gov/cic_text/money/creditscores/your.htm

    http://en.wikipedia.org/wiki/Fico_score

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