Repossessions can be removed from your credit reports in some situations, especially if they are inaccurate or unfair. And, even with a voluntary repossession, your creditor still may put the late payments or repossession on your credit report.A repossession can negatively impact your credit report for many years. Here are a few ways to remove them from your credit report now. It's possible to remove a repossession from your credit report, but you don't have many options. You can either negotiate with the lender or file a dispute. See below for more information on how to file a civil answer in Kings County Supreme Court. Use SoloSuit to respond to debt collection lawsuits in 15 minutes. Credit Card Purchases Can't Be Repossessed. Credit card debt is unsecured, which means the credit agreement doesn't name anything as collateral for the loan.