Repossession : LUSENET : Repossession : One Thread

How long does a property repossession stay against my credit rating? I have been told 4 5 and 6 years and am unsure are you able to confirm the correct timespan so that I can ask a main highstreet Building Society for a mortgage?

-- Ann Russell (, January 05, 2002


Normally bad credit affects your credit rating with the reference agencies for six years.

-- Anne David (, January 05, 2002.

A repossession will remain on record for 12 years actually - not on your credit file (that is 6 years as the previous poster said) but on a separate record consulted by Lenders. It contains details of all repo's and the dates and whether they were ever paid off. As far as I know, voluntary repo's miss[ed] the list for some reason, but if you are on it the Lender will find out when they do their search for your history.

-- Too scared to say (, January 05, 2002.

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