I'm sure this may be a bump, but here goes nothing..

How many points will a repossession (I9) drop your credit score? I have a friend of mine who’s upside down on her Escalade (about 14K) who’s considering a voluntary repo.

Thanks

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Depends on what the "I" status was prior to it going to an "I9".

Well, it hasn't repo'd yet...

what yr escalade and how many miles and what would she sale it for or possibly take over payments?Gotta family member looking for an SUV.

*2005 Escalade EXT

*52,000 miles

*18 month lease

*Payments are $900.00 per/mnth

*18K is owed on the lease (she said you could refinance it)

ok at end of lease it would be 18k to buy it out?and how long is left on the current lease?

*18 months is left on current lease

*15K to buy out

* Someone could take over the payments now and at end of the 18 months, they could turn it in, trade it or buy it.

ok what color?

When the account FIRST goes 30 days late and is reported as a 30 day late, I would expect the consumer's score to drop somewhere in the neighborhood of 80 points. That would be reporting as an "I2". The scores will drop as the reporting status progresses upward in numbers. BTW an "I9" is a chargeoff. An 'I8" is read as a reposession.

Chad3304....

The Escalade is Grey with leather interior....

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Those numbers don't work out.

What numbers?