Repo - How long on Credit?

Status
Not open for further replies.

Rainbow_Brite

New Member
Do any of you know how long a repossession stays on your credit report? Also, are motorcycle repos treated just the same as car repos? And i guess one more question - I actually bought one motorcycle and two scooters (long story) from a used bike shop, but they are all on the same loan. If all three are repossessed, would that count as three repos or just one since they're all on the same loan?

Also, if i were to declare bankruptcy and include these bikes in the bankruptcy, would i still be responsible for paying the deficiency or would that be covered in the bankruptcy?

Thanks!
 
Status
Not open for further replies.
Back
Top