Repossession Package

4 rounds of disputes letters 

Repossession happens when a lender takes back a vehicle, home, or other financed item because the borrower has fallen behind on payments. Once an account goes into repossession, it leaves a serious negative mark on your credit report and can drop your score significantly. Not only does it show that the loan wasn’t paid as agreed, but it may also come with additional collections or balance owed after the lender sells the item.

In your DIY journey, you’ll learn how repossessions are reported, your rights under consumer law, and the strategies you can use to challenge inaccurate, outdated, or unverifiable information tied to repossession accounts. With the right steps, you can work toward removing or correcting these negative marks to start rebuilding your credit profile.