 TITLE: How Can I Stop My Car From Being Repossessed? CONTENT: How Does a Repossession Affect Your Credit?\n-------------------------------------------\nRepossession is an indicator that you didn't pay your auto loan as agreed, and thus can have a significant negative impact on your credit score.\nA repossession can remain on your credit report for up to seven years from the original delinquency date. In addition to the repossession, other negative items may be added to your credit report, including the late payments that led to the repossession, default and more.\nIf there is a deficiency balance (the difference between what you owed on the car and what the lender was able to get for it at auction) and you can't pay it, that amount may be sent to a collection agency, which can damage your credit score further.\nA lower credit score could result in denial of credit, higher interest payments on loans and credit cards, higher auto and homeowners insurance rates, and more. As such, if you can manage to avoid a repossession, you'll also avoid a lot of potential financial difficulties in the future. END