Credit Advice » Report Advice » Report Details » Repossession » Impact of Having a Repossession Reinstated

Impact of Having a Repossession Reinstated

Dear Experian,

If you have a repossession and then a reinstatement, does the reinstatement help your credit scores?


Dear CBN,

A credit report shows the entire history of an account. It will show that the car was repossessed, that the lender has agreed to continue the loan, and that you have brought the account current.

Rehabilitating the loan and making on-time payments likely will be viewed more positively by creditors than an outstanding repossession. There might not be an immediate improvement in your credit scores, but the longer your payments continue to be made on time, the more your credit scores will benefit.

The repossession itself will be removed seven years from the original delinquency date – the first late payment that led to the repossession. In the meantime, keep making all your payments on time in order to show future lenders that you are getting your credit back on track.

Thanks for asking.
– The “Ask Experian” team

Review Your Free Experian Credit Report Today

Good credit begins with knowing where your credit is today. Get started with your free Experian Credit Report, updated every 30 days on sign in. No credit card required.

Get Started for Free
Have a Question for Experian?

Your privacy and the information collected here.

Get Your Free Credit Report

View your free Experian Credit Report every 30 days on sign in.

No credit card required.

Get Started for Free

What Is the Dark Web?

Learn more about what the dark web is, and why it should matter to you as a part of your identity protection strategy.