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Can a charge off become a repossession?

In: Repossession [Edit categories]

Answer:

Repossession

yes - I am suprised they didn't force place insurance coverage on the car when they found out you had no insurance. I am also suprised they didn't report it as a reposession in the first place rather than a charge off. Are you sure this is the case?

More input from FAQ Farmers:

Whats the difference? Neither make your credit report look like a SMILEY face. The best part is yet to come.

Contributor:

Neila222

First answer by Neila222. Last edit by Neila222. Contributor trust: 3859 [recommend contributor ]. Question popularity: 218 [recommend question].

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