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How Many Points Can A Repossession Lower Your Credit Score?

Cannot afford to pay for my vehicle anymore.

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    It is going to cost you about 120 points.  Try to sell the vehicle rather than let it be repossessed.  Work out an agreement with the bank to pay off the difference over time - it will be worth it.

    www.nationalscoreindex.com
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    Boris 

    answered 2 years ago

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