Question: How Bad Does A Voluntary Repo Hurt Credit?

Question: How Bad Does A Voluntary Repo Hurt Credit?

Voluntary Repossession Affects Your Credit

Your credit score will take a hit, but the exact amount of damage depends on the other information on your credit report.

Don’t give up on your other bills.

Your credit score can rebound from a voluntary repossession if you continue making all your other payments on time.

Photo in the article by “Army.mil” https://www.army.mil/article/200587/individual_ready_reserve_offers_soldiers_a_way_to_serve