Repossession Removal in Thousand Oaks, CA

If you're a Thousand Oaks resident dealing with repossessions on your credit report, The Credit Repair Guy can help. We specialize in repossessions removal for clients throughout California.

Repossessions can significantly damage your credit score and make it harder to qualify for mortgages, auto loans, credit cards, and even apartments. Our proven dispute process leverages the Fair Credit Reporting Act (FCRA) to challenge inaccurate items with the credit bureaus.

A repossession occurs when a lender takes back a vehicle (or other financed asset) because the borrower has fallen behind on payments. Most auto loan contracts allow repossession after just one missed payment, though lenders typically wait until you're 60-90 days behind. After repossession, the lender sells the vehicle at auction. If the sale price doesn't cover your remaining loan balance plus repossession costs, you're responsible for the deficiency balance. On your credit report, a repossession appears as a serious derogatory mark and may be accompanied by a collection account for any deficiency balance.

We examine your repossession record for inaccuracies that could be disputed. Common errors include incorrect dates of delinquency, wrong balance amounts, improper reporting of voluntary versus involuntary repossession, and continued negative reporting after the statute of limitations has expired. We also review whether the lender followed proper procedures, as improper repossession practices can be grounds for dispute. If a deficiency balance was sent to collections, we can challenge both the repossession and the collection account.

Ready to get started? Schedule your free credit consultation and let our team show you what we can remove from your credit report.