 TITLE: How Does a Repossession Affect Your Credit? CONTENT: How to Improve Your Credit After Repossession\n---------------------------------------------\nRebuilding your credit after a repossession takes time. In most cases, it's a matter of paying down debt, paying balances off on time and being conservative about taking out new loans or credit. As the repossession becomes more distant, its impact will decrease: Credit scoring models tend to favor new information over old.\nMonitoring your free FICO® Score and credit report regularly can help you keep track of your progress. Your repossession and any late payments and collections that went with it will be automatically deleted after seven years. At that point, they will no longer affect your credit score. END