Voluntary repossession is when you return a car you can’t afford to the lender. Before making a decision that will hurt your credit score, learn more about your options. Many, or all ...

A repossession can stay on your credit report for up to seven years, often causing a credit score drop of over 100 points. Even if you set up voluntary repossession to give the car back ...

If you know repossession is inevitable, you may be able to get out ahead of a seizure by surrendering the vehicle to the lender, also known as a voluntary repossession. Not every lender allows ...