Can a charge off become a repossession?

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?

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

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First answer by Wendy. Last edit by roosta. Question popularity: 212 [recommend question]

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