charge off or repo

Discussion in 'Credit Talk' started by worried, Apr 5, 2001.

  1. worried

    worried Guest

    What is worse...a charge off or a repo?
  2. sam

    sam Well-Known Member

    both just as bad.

    But to a car sales person, a repo is 10x more damaging than a charge off!
  3. Himmel

    Himmel Guest

    Do dealerships have their own credit bureau where they look up whether there's a repo on your report?

    The finance company that I got my loan from pulled TU in which my repo only showed up as a slow pay. I don't have it in Experian, just Equifax.

    When I went back to the dealer to finalize the sale, the salesperson mentioned something like "the bank didn't see your repo but I was able to pull it up on my report, etc.." and tried to sell me some erroneous warranty blah blah blah..


Share This Page