Repossession – Credit Repair

Repossession is generally used to refer to a financial institution taking back an object that was either used as collateral, rented, or leased in a transaction.

The most common type of repossession is vehicle repossession. A repossessed car or truck may report to the credit bureaus as a voluntary repossession or an involuntary repossession.

A voluntary repossession happens when a consumer turns a car back into the auto lender rather than going through the process of a physical repossession.

An involuntary repossession happens when the lender comes to take back the car.

Call Houston Credit Repair at 281-419-6811 for Repossession and other derogatory accounts credit repair.