Yes, repossession can have a negative impact on your credit score. It will likely result in a derogatory mark on your credit report, which can lower your score and make it harder to qualify for loans or credit related products in the future.
If your vehicle has not been repossessed yet, we may still be able to help. To discuss possible options, please give us a call at 855-282-6353 Monday–Thursday from 8:00 am–10:00 pm, Friday from 8:00 am–8:00 pm, and Saturday from 9:00 am-6:00 pm ET.