Question for finance guys (or gals)

[sarahbelle]

My car was repo'd in Nov 2005. I got the car back and still have it to this day with a great payment history. HOWEVER, on my credit reports, the repo is mentioned under "Worst Delinquency". My overall credit history/scores are not great b/c of many financial missteps in the past.

 

My question is this: when a financing company looks at an applicant's credit, are they looking at the whole report or just at scores? In other words, if my scores are better by the time I need to apply for new financing, would that old repo still haunt me or are they looking solely at scores? If they actually read the report as a document and see a repo in Nov 2005, is it likely that will hurt me now in 2008 (or perhaps 2009)? Any insight is appreciated.

[MarvBear]

I evaluate your credit history as reported by the credit repository and evaluate your application.

 

Scores are not the "be all..end all".